Homegrown logistics platform Logos is planning to build two large-scale facilities worth a combined $640 million after acquiring two significant parcels of land in NSW and Victoria.

Logos has purchased a 21.5ha greenfield site in Huntingwood, in Sydney’s central west, and a 7.8ha site in Reservoir, in Melbourne's North, for close to $240 million.

Logos, alongside private equity powerhouse Kohlberg Kravis Roberts and Abu Dhabi sovereign wealth fund Mubadala Investment Company, paid about $200 million the Huntingwood site and upwards of $40 million for the Reservoir site.

Logos plans to redevelop both sites into masterplanned logistics estates on both a pre-lease and speculative basis, with development applications to be submitted shortly.

Logos head of Australia Darren Searle said the Huntingwood site, at 1 Augusta Street, represented one of the largest remaining industrial zoned land holdings in central-west Sydney capable of delivering a large-scale prime-grade logistic estate.

“With strong connectivity to key transport infrastructure, the estate will be able to support the increasing demand from e-commerce, transport and logistics customers looking to service Western Sydney’s growing residential population,” Searle said.

The site, which was offloaded by one of China’s top building ­materials and homewares companies, China Lesso, was brought to market by Colliers’ Gavin Bishop, Sean Thomson and David Hall, alongside CBRE’s Chris O’Brien, Jason Edge and Cameron Grier.

At the Reservoir site, at Radford Road, Logos will similarly be delivering a prime-grade estate which it said would benefit from its infill location.

The Reservoir property was sold by Brent Glassford and Marco Sandrin of Fitzroys on behalf of a private investor who had aggregated two sites.

The acquisition push is the latest example of how much offshore capital is pressing for a place in the local industrial and logistics market.

Off the back of a rise in stockpiling and onshoring, a record 4.4 million square metres of warehouse space was taken up in 2021—a 52 per cent rise on 2.9 million square metres taken up in 2020.

Logos’ platform currently has more than $22 billion in assets, with over nine million square metres of property owned and under development across 29 ventures, including the Singapore-listed ARA LOGOS Logistics Trust.

Among its recent deals, a Logos-led consortium took over Qantas’ 13.8 hectares of industrial land near its Sydney Mascot headquarters in an $800 million deal.

In July 2021 Logos teamed up with AustralianSuper and AXA IM Alts for the $1.67 billion acquisition of Qube’s Moorebank Logistics Park.

Logos is now backed by ARA Asset Management after the Singaporean investment house took a majority stake in 2020.

It is also backed by Ivanhoe Cambridge, a Canadian real estate industry player.