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…
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