891c8d58-9ca8-4d59-abfb-f95e23743572

[+] Behind the Deal: ESR’s Plans for Sydney Business Park


In this TUD+ Briefing, ESR Australia chief executive Phil Pearce discusses its deal to acquire a 1.5ha business park in the tightly held Macquarie Park precinct in Sydney’s north from AMP Capital.

The property, purchased for $71 million by ESR Australia, a subsidiary of Asia Pacific logistics giant ESR Group, features an existing 7000sq m office and warehouse asset, and offers ESR a staged redevelopment opportunity during the coming years.

The purchase will also prove beneficial to ESR, which is currently looking to expand beyond industrial property into suburban offices, data centres and business parks.


You are currently experiencing The Urban Developer Plus (TUD+), our premium membership for property professionals. Click here to learn more.

TUD+ Banner
ADVERTISEMENT
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://www.theurbandeveloper.com/articles/esr-macquarie-business-park-amp-capital