Business
Singaporean trust in $418m logistics swoop – The Australian Financial Review
The deal will see the Logos-managed ARA Logos Logistics Trust acquire five Brisbane properties and interests in two Logos-managed funds.
The deal follows a number of big portfolio sales this year amid a wave of capital pouring into prime industrial property, driven to a large extent by the e-commerce boom.
Other notable portfolio deals struck this year include Charter Hall and global investor Allianz Real Estate acquiring four Aldi distribution centres for $648 million and Charter Hall acquiring a $215 million portfolio of glass bottle factories leased back to Owens-Illinois Australia.
In explaining its rationale for the deal, the…
-
General23 hours agoBackstroke star Kaylee McKeown disqualified, but wins protest at world champ trials
-
General17 hours agoIran expands dog-walking ban, citing ‘public health, peace and comfort’ concerns
-
Noosa News16 hours agoFormer NRL player Teui ‘TC’ Robati lured woman to pub toilet before alleged rape, jury told
-
General21 hours agoTaylor Swift’s Reputation charts again after buy-back