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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>A consortium led by logistics property giant Logos and the country’s largest super fund, Australian Super, has closed the year by settling two acquisitions worth a combined $2.47 billion.</p><p>The consortium, which includes the Abu Dhabi Investment Authority, has <a href="https://www.theurbandeveloper.com/articles/logos-consortium-buys-up-qantas-mascot-land">purchased 13.8ha of prime land at Mascot near Sydney Airport </a>from airline Qantas for $802 million.</p><p>The consortium now plans to execute a long-term development plan and build two state-of-the-art distribution centres totalling 82,000sq m to service customers seeking logistics facilities close to air freight, and a business park development site spanning 16,000 square metres.</p><p>The consortium will also pick up the Qantas distribution centre on a 39,000sq m site, offered as a 10-year sale and leaseback.</p><p>Logos head of Australia Darren Searle said the consortium was thrilled to settle on the “rare” and high-value Qantas site, which offered “unparalleled connectivity” as a critical link to supply chains around the country.</p><p>“With our partners AustralianSuper and the Abu Dhabi Investment Authority we look forward to activating our plans to develop a leading logistics estate on the site, improving the e-commerce and distribution opportunities in Sydney and creating thousands of jobs for the community,” Searle said.</p><p>It has also settled on the $1.67-billion acquisition of Qube’s 243ha Moorebank Logistics Park—<a href="https://www.theurbandeveloper.com/articles/moorebank-logistics-park-logos-qube">Australia’s largest freight infrastructure project</a>—in south-west Sydney. </p><p>The deal, which was struck in July, has been subject to various approvals, including the consent of Moorebank Intermodal Company and the Foreign Investment Review Board.</p><p>The consortium will pay $1.36 billion on financial close for the site’s warehousing and property components and about another $312 million on a deferred basis, subject to completion of the first stage of an interstate rail terminal, which is due to be operating in 2024.</p><p>The acquisition follows the announcement in July of AustralianSuper’s acquisition of a 40 per cent interest, worth $774 million, in the logistics park alongside Logos.</p><p>Logos hopes the joint development model will help further improve the connectivity of the estate to interstate rail, enhancing the site appeal for warehouse tenants and rail freight owners alike. </p><p>The Moorebank freight hub is a huge project—equal in size to Sydney&#x27;s CBD—including warehouse construction, leases, rail infrastructure and an import-export terminal.</p><p>It has the potential to hold about 850,000sq m of warehouse space and has a direct rail link to Port Botany.</p><p>The arrangement extends Logos exposure within the infrastructure sector, and partnerships with sector leaders.</p><p>Logos will act as Moorebank’s investment and development manager while listed infrastructure fund Qube Holdings will retain control of the hub’s rail terminals.</p><p>“The settlement of both the MLP and Qantas transactions further expands our shared portfolio of logistics and last-mile investments made jointly with AustralianSuper,” Searle said.</p><p>“We are proud to work together with such established partners to further our shared commitment to advancing the logistics and distribution landscape in Australia.”</p></div></div></div></div></div>

A consortium led by logistics property giant Logos has closed the year by settling two acquisitions worth a combined $2.47 billion...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>An Asia Pacific consortium has nabbed a 14ha parcel of land from Qantas at Mascot as part of a $800-million-plus deal.</p><p>Asia Pacific logistics company Logos, with the financial backing of Abu Dhabi Investment Authority, has partnered with Australian Super to acquire the site to build a state-of-the-art four-level logistics, e-commerce and last-mile logistics hub. </p><p>The deal also included a long-term sale and lease back of Qantas’ 21,795sq m distribution centre and a further three development sites, totalling 98,645sq m, next to Sydney Kingsford Smith Airport Precinct.</p><p>Logos head of Australia and New Zealand Darren Searle said it was one of the last available scalable <a href="https://www.theurbandeveloper.com/articles/logos-completes-marsden-park-logistics-estate">logistics and commercial development sites</a> in South Sydney.</p><p>“To acquire this site at Mascot is a rare opportunity to further develop a market-leading e-commerce, distribution and commercial hub between Sydney ports and the ultimate distribution destinations in Australia’s main gateway city,” Searle said.</p><p>“The site is a key freight gateway for the airport and offers unparalleled connectivity as a critical link to supply chains around the country.</p><p>“With our existing partners AustralianSuper and Logos Australia Logistics Venture, we are deeply committed to furthering the logistics and distribution landscape in Australia with large-scale, strategic investments, and this land is a rare and valuable opportunity to achieve this. </p><p>“In developing a leading logistics estate ... our plans will create thousands of jobs for the local community.”</p><p>The consortium plans to develop the site to an end value of $2 billion, and has also entered discussions with Qantas about future development options for the sites, including the creation of a dedicated precinct for Qantas, as well as the sale of an additional 3ha of land that adjoins some of the lots being sold.</p><p>The acquisition further expands Logos’ growing development pipeline across Australia.</p><p>In July Logos and Australia Super<a href="https://www.theurbandeveloper.com/articles/moorebank-logistics-park-logos-qube"> acquired the Moorebank Logistics Park</a> for $1.7 billion as part of a joint consortium venture. </p><p>AustralianSuper head of property Bevan Towning said the acquisition highlighted the fund’s appetite to make major direct investments into significant long-term property development opportunities.</p><p>“Growing AustralianSuper’s investment in major logistics assets that are focussed on the growing demand for e-commerce and distribution hubs close to key infrastructure and population centres will match member needs for strong, sustainable long-term returns,” Towning said.</p><p>The transaction increases LOGOS’ assets under management in Australia and New Zealand to about $13 billion.</p><p>The transaction is due to be completed in December. It is expected the consortium will then ffile plans for the development of the last-mile logistics hub. </p></div></div></div></div></div>

Logos, Australian Super and the Abu Dhabi Investment Authority have bought up big in Sydney, laying down $800m for a 14ha block...

AusSuper, TCorp, CDPQ take stakes in LOGOS’ Moorebank

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>A consortium of investors have bankrolled property manager Logos Property Group’s $1.67-billion deal to acquire Qube’s Moorebank Logistics Park in south-west Sydney.</p><p>Australia’s AustralianSuper and TCorp, CDPQ’s Ivanhoe Cambridge and AXA IM will take stakes in the 243ha precinct—Australia’s largest intermodal logistics facility—alongside fund manager Logos.</p><p>Logos will act as Moorebank’s investment and development manager while listed infrastructure fund Qube Holdings will retain control of the hub’s rail terminals.</p><p>The deal, which includes land, comes more than six months after Logos won an auction for the site and entered exclusive talks with listed infrastructure fund Qube Holdings. </p><p>The consortium will pay $1.36 billion on financial close for the site’s warehousing and property components and about another $312 million on a deferred basis, subject to completion adjustments.</p><p>It is also subject to various approvals, including the consent of Moorebank Intermodal Company and the Foreign Investment Review Board.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cell-sm-4 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/dd151d5e-ae98-4047-9d43-0acd4a9e3f4b.png" width="2000"/></picture><div></div></div></div></div><div class="cell cell-sm-8 cx12"><div class="ci cl"><p><br>Join us for a one-day virtual summit dedicated to the development of industrial property in Australia on July 29. <a href=" https://www.eventbrite.com.au/e/the-urban-developer-industrial-and-logistics-vsummit-tickets-161851021763?aff=tudwebsite0content0supplementary1"><strong>Click here.</strong></a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The acquisition increases Logos’ Australian and New Zealand assets under management to $11.5 billion and allows Qube to reduce the amount of money needed to fully develop the freight hub, instead allowing it to focus on its core logistics business.</p><p>Grant Samuel and Allens advised the consortium, while UBS ran the auction for Qube.</p><p>The Moorebank freight hub is a huge-scale project—equal in size to Sydney&#x27;s CBD—and includes warehouse construction, leases, rail infrastructure and an import-export terminal. </p><p>It has the potential to hold about 850,000sq m of warehouse space and has a direct rail link to Port Botany.</p><p>AXA IM head of Australia Kumar Kalyanakumar said the collective vision for the precinct represented a fundamental shift in east coast logistics, as a fully automated port-to-site rail link. </p><p>“The acquisition of Moorebank Logistics Park (MLP) breaks new ground not just for Australian logistics, but the wider Asia Pacific region, both technologically and with regard to its ESG credentials,” Kalyanakumar said.</p><p>“MLP’s full automation and energy and water-saving technologies ensures that it sets an industry benchmark for sustainable, future-proof logistics facilities.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/68f3a03d-7aae-4c93-86ce-0d8a98dd8f9e.jpg" width="800"/></picture><div><span style="align-content:center;opacity:0.8">▲ The precinct will generate up to 50,000MWh pa of onsite renewable power.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>“We have gained access to a best-in-class asset, comprising a mix of core stabilised and development buildings, which will benefit from the government’s continued investment into road and rail infrastructure, providing a long-term opportunity for growing scale over time.”</p><p>So far, the state government has contributed more than $500 million of combined investment into the precinct and infrastructure with expectations it will deliver upwards of $11 billion in economic benefits over 30 years.</p><p>The precinct currently comprises more than 150,000sq m of warehousing, occupied by a diverse range of national and international businesses, while a number of pre-lets have already been secured for the new site, totalling 125,000sq m of space. </p><p>The consortium said the logistics precinct was the only site in Sydney’s southern corridor able to accommodate built-to-suit warehouses, giving tenants access to innovative, competitive and personalised options for their logistical needs. </p><p>Anchor tenants Woolworths and Caesarstone Australia have already committed substantial capital to technology and fit-outs.</p><p>“The site benefits extend far beyond just the tenants,” Logos head of Australia and New Zealand Darren Searle said. </p><p>“By 2030, [the precinct] is aiming to reduce Sydney and interstate truck travel by 243,000km per day, and lower carbon emissions by the equivalent of removing 11,000 vehicles from the road for a full year.”</p></div></div></div></div></div>

A consortium of investors have bankrolled a $1.67-billion deal to acquire Qube’s Moorebank Logistics Park in south-west Sydney...

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>ARA Logos Logistics Trust will splash $S404.4 million ($417m) to buy five logistic properties in Brisbane and invest in two funds in a move signalling the nation’s industrial property sector is still running strong.  </p><p>The five properties, which include a development asset on the corner of Heron Drive and Curlew Street, are located at the Port of Brisbane and are being considered for S$225.9 million ($233m).</p><p>The fund investment includes a 49.5 per cent interest in New LAIVS Trust and a 40 per cent interest in Oxford Property Fund, for approximately S$178.5 million ($184m), which have a combined portfolio of five logistics properties in New South Wales and Victoria.</p><p>Listed on the Singapore Exchange, ARA LOGOS Logistics Trust (ALOG) is managed by ARA LOGOS Logistics Trust Management Limited, a wholly-owned subsidiary of LOGOS. </p><p>Fund manager ARA took a majority stake in Logos Group, which operates as ARA’s global logistics real estate platform, in March this year.</p><p>Logos’ other shareholders include Canadian based Ivanhoé Cambridge and LOGOS’ founders.</p><p>On its proposed Brisbane acquisitions and fund investment, ARA Logos Logistics Trust CEO Karen Lee said the outlook for Australia’s industrial market remains stable over the long term. </p><p>“[It is] underpinned by the fundamental role of logistics in keeping basic day-to-day necessities of Australians in supply, unprecedented infrastructure investment and growth in defensive downstream industries such as e-commerce.”</p><p>The latest move follows last weeks movements in the sector, with Singapore’s Mapletree <a href="https://theurbandeveloper.com/articles/mapletree-makes-114m-move-on-blackstones-brisbane-estate">moving</a> on Blackstone’s distribution centre for $114 million in Acacia Ridge, and ESR Australia <a href="https://theurbandeveloper.com/articles/esr-buy-blackstone-acacia-ridge-brisbane-estate">picking</a> up a site in the same suburb for $90 million.</p><p><strong>Brisbane’s industrial supply</strong></p><p>Despite the major movements in the sector, Knight Frank expects the level of transactions during 2020 to be lower than what was seen last year, which at $1.95 billion it describes as a “standout year” for the Brisbane industrial market.</p><p>“In the year to October 2020, there has been $717 million in turnover which is roughly in line with the levels 2014-2018,” the Knight Frank Brisbane Industrial market October report notes. </p><p>The research found that tenant demand for new space will see the construction of Brisbane industrial facilities hit 12-year highs this calendar year, with more than 400,000sq m of industrial space to be delivered to the market.</p><p>Knight Frank also found that Covid-19 has slowed general leasing and brokerage activity in Brisbane’s industrial market while institutional demand has remained high.</p><p>The report found the majority of Brisbane supply in the industrial market is being added in Brisbane’s southwest (44 per cent) and south (37 per cent) precincts. </p><p>It notes key major institutional developers Charter Hall, Dexus, Fife, Stockland, Frasers, Goodman, GPT and Logos as having 315,000sq m in industrial space either delivered in 2020 or currently under construction for the period up to October.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div></div></div>

ARA Logos Logistics Trust will splash $S404.4 million ($417m) to buy five logistic properties in Brisbane and invest in two funds...

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Logistics heavyweight Logos has officially kicked off construction on its major 20-hectare Marsden Park Facility in north west Sydney. </strong></p><p>After 10 months of working with Blacktown Council and the Department of Planning, Logos recently received approval for the development of 107,500sq m of logistics and distribution facilities. </p><p>Logos purchased the major site at Marsden Park for $40 million in late 2016. </p><p>The $128 million development will comprise seven warehouse buildings constructed across four stages with loading docks, 633 car parking spaces and administration offices.</p><p>Online retail and the growth of e-commerce has seen some of the <a href="https://theurbandeveloper.com/articles/sydney-still-among-worlds-most-expensive-industrial-markets">largest industrial leases committed to this year by e-commerce companies</a>, as demand in the logistics real estate market continues its strong run. </p><p>Logos secured two pre-commitments for the first stage works, with Australia’s largest third-party logistics provider eStore committing to a five year lease and global produce distributors and packers Valleyfresh committing to a 10 year lease.</p><p>Logos will develop a purpose built 6,224sq m facility for Valleyfresh, and a 12,515sq m facility for eStore.</p><p>Due to positive tenant feedback two speculative facilities, of 3,563sq m and 11,640sq m, will also be developed as part of the first stage.<br><br>Related: <a href="https://theurbandeveloper.com/articles/logos-snaps-up-distribution-centre-in-victoria">Logos Snaps Up Kmart Distribution Centre for $119m</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/e54351f5-9d40-4fe7-8b9e-eb1e527b59d1.jpg" width="920"/></picture><div><span style="align-content:center;opacity:0.8">Logos purchased the Marsden Park site for $40 million in 2016.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Planning Minister Anthony Roberts said the Western Sydney area is a major economic and industrial powerhouse. </p><p>&quot;The value of industrial building approved in Greater Sydney in 2017 more than doubled to $3.75 billion,&quot; he said.</p><p>&quot;A lot of that activity was in Western Sydney, including in Marsden Park, where employment lands contribute over 220,000 jobs and generate about $125 billion of output.&quot;</p><p>Blacktown City Mayor Stephen Bali said the facility played a central part in the region’s industrial development sector.</p><p>&quot;Blacktown City is the powerhouse of Western Sydney with a $16.5 billion regional economy supporting 130-thousand jobs. Blacktown City Council will continue to work with Government and industry to ensure we have the necessary infrastructure in place to support that development.&quot; </p><p>Logos, which has assets and developments across Australia <a href="https://theurbandeveloper.com/articles/logos-moves-to-new-zealand-with-plans-for-200m-development-estate">and New Zealand</a>, has a development pipeline of around $2 billion.</p></div></div></div></div></div>

Logistics heavyweight Logos has officially kicked off construction on its major 20-hectare Marsden Park Facility.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Property group Logos has acquired a Kmart Distribution Centre in Melbourne&#x27;s west for $119 million.</strong></p><p>The purchase is Logos’ third in Melbourne’s industrial suburb of Truganina in the past month after <a href="https://theurbandeveloper.com/articles/logos-snaps-up-27-hectare-site-with-plans-to-develop-250m-industrial-estate-">picking up an industrial site at 285 Palmers Road</a> and a new facility on Infinity Drive.</p><p>The Palmers Road site has the potential for a logistics estate of up to 160,000sq m, creating an asset potentially worth up to $250 million. </p><p>The logistics and operations developer also completed a new facility in Infinity Drive last month.</p><p>Logos&#x27; latest distribution centre is strategically placed between the Princes Highway and West Gate Freeway. </p><p>The state government has proposed <a href="https://theurbandeveloper.com/articles/motorway-access-dictates-value-of-industrial-assets">surrounding road upgrades</a>, including the West Gate Tunnel Project, which will further enhance connectivity to Truganina for logistic operators.</p><p>The 77,000sq m distribution centre, located 22km west of Melbourne&#x27;s CBD, is fully leased to Kmart Australia. </p><p>The deal was brokered by JLL&#x27;s Tony Iuliano and CBRE&#x27;s Chris O&#x27;Brien, struck on an initial yield of 5.45 per cent.</p><p>Related: <a href="https://theurbandeveloper.com/articles/sydney-still-among-worlds-most-expensive-industrial-markets">Sydney Still Among World&#x27;s Most Expensive Industrial Markets</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/fac26048-197b-4e4d-b499-566897391369.jpg" width="1912"/></picture><div><span style="align-content:center;opacity:0.8">The Kmart distribution centre at Truganina, in Melbourne&#x27;s west.</span></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Logos has appointed industry veteran Darren Searle as head of Australia and New Zealand to support its growth.</p><p>“Truganina is one of Australia’s core industrial locations with many large logistics operators including Coles, Woolworths and the Reject Shop, operating from this suburb,” Logos’ newly-appointed head of Australia and New Zealand Darren Searle said. </p><p>”The Kmart Distribution Centre is a strategic addition to our growing portfolio of core assets within key logistic markets secured by long term cashflow, and we’re pleased to have further strengthened our Melbourne portfolio through this acquisition.”</p><p>Logos’ Australian and New Zealand portfolio includes assets and developments across New South, Victoria, Western Australia, Queensland and Auckland.</p><p>Just last month the group <a href="https://theurbandeveloper.com/articles/logos-moves-to-new-zealand-with-plans-for-200m-development-estate">acquired a 10-hectare site in Auckland&#x27;s industrial suburb of Wiri</a> with plans to develop a NZ$200 million (A$183m) logistics estate.</p><p>The industrial investor also <a href="https://theurbandeveloper.com/articles/-logos-acquires-724m-banksmeadow-warehouse-">acquired a massive 4.4-hectare warehouse site in Sydney’s south for $72.4 million </a>in an off-market sale.</p></div></div></div></div></div>

Property group LOGOS has acquired a GLA Kmart Distribution Centre in Melbourne's west for $119 million.  

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Logistics and operations specialist Logos has expanded into the New Zealand market, acquiring a 10-hectare site with plans to develop a NZ$200 million (AU$183m) estate.</strong></p><p>Logos’ latest acquisition, from Fletcher Concrete and Infrastructure Limited, is a 55,000sq m site in Auckland&#x27;s industrial suburb of Wiri. </p><p>The company, which has $4 billion of equity commitments across 14 ventures and a targeted end-value of more than $9 billion of assets under management, will develop the site into a logistics estate catering to the growing demand of its industrial market customer base. </p><p>Logos joint managing director John Marsh describes Wiri as a key industrial suburb in Auckland experiencing significant growth. </p><p>“We are currently in discussions with a number of existing tenant customers from our Asia Pacific portfolio to develop purpose-built opportunities on the site, including large format logistics operators, FMCG, ecommerce operators and 3PL groups.” </p><p>Related: <a href="https://theurbandeveloper.com/articles/logos-signs-up-volvo-australia-for-prestons-logistics-estate">Logos Signs Up Volvo Australia for Prestons Logistics Estate</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/74dfd84e-56d0-4b61-a4a9-3846def05f8f.jpg" width="1912"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p><p>It’s been a busy year for the industrial developer, with recent acquisitions including a <a href="https://theurbandeveloper.com/articles/logos-strengthens-sydney-industrial-footprint-">$25 million warehouse in Sydney’s Yennora, </a>a warehouse in <a href="https://theurbandeveloper.com/articles/-logos-acquires-724m-banksmeadow-warehouse-">Sydney’s Banksmeadow in an off-market deal worth $72.4 million</a> and a site in <a href="https://theurbandeveloper.com/articles/logos-snaps-up-27-hectare-site-with-plans-to-develop-250m-industrial-estate-">Truganina for $28 million</a> snapped up earlier this month.  </p><p>The Wiri site, located on the corner of Roscommon Road and Wiri Station Road, has access to key arterial roads including the South Western Motorway, and proximity to Conlinx Inland Port, New Zealand’s largest container port by volume.</p><p>Logos joint managing director Trent Iliffe said the New Zealand industrial and logistics sector has experienced strong growth over the past few years on the back of the country’s underlying economic fundamentals, increasing population and the rise in e-commerce.</p><p>“We believe there will be many opportunities for Logos to partner with our investors and tenant customers across New Zealand over the coming years, and the Wiri site is an important and strategic first development for the group.”</p></div></div></div></div></div>

Logistics and operations specialist Logos has expanded into the New Zealand market after acquiring a 10-hectare site in Auckland.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Industrial developer Logos Property has added to its $9 billion portfolio after signing a deal with the country’s largest e-commerce fulfilment company for a $25 million warehouse in Sydney.</strong></p><p>The developer also raised $14.15 million from the sale of its Pine Road, Yennora site. </p><p>The 8,800-square metre site in Sydney’s Yennora was sold through CBRE who said the development potential of this property was a “key driver underpinning the sale”. The building achieved a square metre rate of $1,595.</p><p>The property attracted 10 offers before being snapped up by a private owner-occupier. </p><p>The sale comes as Logos launched a $500 million fund to invest in core and core-plus properties. The strategy of the Logos Australia Logistics Portfolio is focused on acquiring and owning high-quality core and core plus logistics facilities in prime industrial markets, predominantly along Australia’s eastern seaboard.</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/-logos-acquires-724m-banksmeadow-warehouse-">Logos Acquires $72.4m Banksmeadow Warehouse</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/30763e19-7a44-40d7-be3c-4aba3c7320c8.jpg" width="3840"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>eStore’s $25 million warehouse deal with LOGOS </strong></h2><p>eStore Logistics is set to increase its distribution network after brokering a deal with Logos for a $25 million warehouse. </p><p>The online retailer will lease a 12,515sq m warehouse in Marsden Park in Sydney’s outer north-west on a five-year deal. </p><p>This new facility will add to eStore’s current 50,000sq m footprint, and significantly increase eStore’s order fulfilment capabilities. eStore currently fulfils up to 45,000 orders a day.</p><p>Their current clients include Kogan.com, Temple and Webster, Hairhouse Warehouse, Patagonia, Dick Smith and Essendon Football Club.</p><p>“This expansion highlights our rapid growth, driven by our market leading proprietary IT and omni-channel fulfilment service and solutions,” eStore Logistics managing director Leigh Williams said.</p><p>eStore partnered with property and supply chain consultancy TM Insight to optimise the operational layout of the facility.</p><p>“We designed a facility that maximised storage density [and] allowed for approximately 30 per cent of the warehouse footprint to be allocated for product staging and returns,&quot; TM Insight director Travis Erridge said.</p><p>&quot;It is pivotal that sufficient footprint is designated to product staging and returns, as it is an inherent challenge in the e-commerce landscape.&quot;</p><p>The new eStore warehouse will form part of a 20.4-hectare logistics estate in Hollingworth Road being developed by Logos Property. </p><p>Logos acquired the property for $40 million in 2016 when the developer and investor bought it from a local farmer.</p></div></div></div></div></div>

Industrial developer Logos Property has added to its $9 billion portfolio after signing a deal with the country’s largest e-commerce company...

LOGOS PROPERTY