Dexus sells Axxess Corporate Park in Mount Waverley to Gateway Capital
Axxess Corporate Park has become the seed asset for a $1 billion fund backed by the real estate arm of a Canadian pension fund giant.
Source: afr.com
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Cushman & Wakefield to 'cast a wider net' with director additions
The firm has revealed two new Sydney-based appointments to its industrial and logistics platform across Australian and New Zealand markets.
Source: realestatebusiness.com.au
Pellicano woos funds for $190m industrial portfolio
The offering comes amid an unprecedented surge of investment in warehouses and logistics, buoyed by the rise in e-commerce demand.
Source: afr.com
Blackstone buys GIC's stake in logistics trust for $2.1bn
Blackstone has acquired Singapore wealth fund GIC's 49% stake in the Dexus Australian Logistics Trust (DALT) for $2.1 billion, as the private equity giant looks to tap into the country's fast growing e-commerce market.
Source: financialstandard.com.au
Commercial property: Blackstone snaps up Dexus logistics stake for $2.1b
The deal to acquire a 49 per cent stake in the Dexus Australian Logistics Trust is understood to have been struck on a sub 4 per cent yield.
Source: afr.com