If one of the biggest private developers on the planet turns its attention to the industrial sector in Australia, something’s afoot.
Hines, the third-largest private developer globally with around $160 billion in assets under management appointed Alysia Reilly as director, head of industrial and logistics, Australia earlier this year.
In this TUD+ Briefing, Reilly outlines Hines’ approach to investing in the industrial sector and how data is driving the decision-making process down to a granular level.
She said Hines employed proprietary research across the world to identify opportunities.
“We’re not alone in seeing that post-Covid acceleration is happening across all markets—and Australia is right out front,” Reilly said.
“That’s why now is the time we’re here, and why the capital wants to be here.”
Reilly said while their focus was on the eastern seaboard, because of their data-driven approach Hines was looking at sub-markets and segments within those sub-markets.
“We are looking closely at where we think there’s room for price and rental growth, and that is not true for all the market,” she said.
While Hines has not made any purchases yet, Reilly said, it is in the due diligence stage for a number of assets but rushing to buy was not their strategy.
“It is an interesting time as the sector is hot and super competitive, but we have found a niche in terms of size and profile of assets,” she said.
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