LOGOS launches Australian Core / Core Plus Venture: approx. A$500m investment capacity

Media
Wednesday 28th February 2018

The strategy of the Venture is focused on acquiring and owning high quality core and core plus logistics facilities in prime industrial markets, predominantly along Australia’s eastern seaboard. The Venture will initially have approximately A$500 million of investment capacity. LOGOS has identified a strong pipeline of acquisition opportunities and the significant commitment reflects LOGOS’ and its investment partner’s confidence in the opportunities available and performance of the logistics market in Australia.

Trent Iliffe, Joint Managing Director, LOGOS, said: “We are pleased to be partnering with a leading Australian investor on this new Venture. We will be looking to acquire existing assets and aggregate a premium portfolio with long leases to high quality tenants for this Venture, with value add upside.”

John Marsh, Joint Managing Director, LOGOS said: “The Australian logistics market has continued to deliver solid returns over the past three, five and ten years and we expect this performance to continue, with the sector experiencing strong demand driven by trade flows and growth in online retailing.

“Given Australia’s growing exposure to online retailing, and our experience across a number of Asian markets that have experienced significant online retail growth, we’re excited to be able to bring our learnings from these markets and adapt them to Australia’s growth story,” he said.

LOGOS now has A$4 billion of equity commitments to 14 ventures across its five regions with target Assets Under Management of over A$9 billion.

Macquarie Capital (Australia) Limited (together and through its affiliates, Macquarie Capital) acted as exclusive financial adviser to LOGOS for the transaction and as sole lead manager and arranger for the Venture’s capital-raising.