The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailSun 11 Mar 18

Logos Acquires $72.4m Banksmeadow Warehouse

513f78a4-8e6f-48e2-bec3-ae45af9e5f79

After launching a $500 million industrial and logistics fund earlier this year, Logos has acquired a massive 4.4-hectare warehouse site in Sydney’s south for $72.4 million in an off-market sale.

The recently purchased site is located at 2-6 Moore Street, Banksmeadow and was originally owned by a syndicate of 22 private owners who reportedly bought the site for $26.2 million in 2008.

At 4.4 hectares, Logos bought the site for $72.4 million. It is currently leased to global packaging company Orora.

Logos declined to comment specifically on the sale.

Related reading: Logistics Park Strengthens Stockland’s Western Sydney Footprint

Having set up their venture to hold a $500 million investment capacity, Logos will seek to acquire and own high quality core and core plus logistics facilities in prime industrial markets. Confidence is high as the company has reportedly already identified a strong pipeline of acquisition in the industrial markets along Australia's eastern seaboard

Logos managing director John Marsh said trade flows and growth in online retailing will help to continue the market’s solid returns over the past three, five and ten years.

"Given Australia's growing exposure to online retailing, and our experience across a number of Asian markets that have experienced significant online retail growth, we're excited to be able to bring our learnings from these markets and adapt them to Australia's growth story," he said.

Related reading: Developer Lodges Plans for Major Industrial Conversion in Sydney's West

Logos now has $4 billion of equity commitments to 14 ventures across its five regions with target Assets Under Management of over $9 billion.

IndustrialAustraliado not useReal EstateDeal
ADVERTISEMENT
TOP STORIES
Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston
Exclusive

NT Eyes Looming Boom as Planning Commissioner Bows Out

Renee McKeown
5 Min
Exclusive

Gold Coast’s Greatest Moments Yet to Come: Evan Raptis

Phil Bartsch
7 Min
MODEL founder Rory Hunter HERO
Exclusive

‘It’s Massive’: On Mission to Prove BtR Green Equals Gold

Leon Della Bosca
8 Min
Potts Point Coliving EDM
Exclusive

Co-Living Shrugs Off Stigma as Overseas Money Moves In

Clare Burnett
6 Min
Bankstown cbd in Sydney NSW EDM
Exclusive

Breaking Delivery Crisis Chokehold on NSW’s Biggest Housing Market

Vanessa Croll
7 Min
View All >
Paradiso Place Surfers Paradise hero
Residential

Surfers Paradise $1bn Triple-Tower Project Feasibility Juggle

Phil Bartsch
East Walker St Aland EDM
Residential

Aland Scoops Up $240m North Sydney ‘Dream’ Site

Clare Burnett
Office

Centennial Seals $50.5m Deal for Adelaide Tower

Lindsay Saunders
The deal for 63 Pirie Street broke two records, including one of the property investment manager and developer’s own...
LATEST
Paradiso Place Surfers Paradise hero
Residential

Surfers Paradise $1bn Triple-Tower Project Feasibility Juggle

Phil Bartsch
4 Min
East Walker St Aland EDM
Residential

Aland Scoops Up $240m North Sydney ‘Dream’ Site

Clare Burnett
3 Min
Office

Centennial Seals $50.5m Deal for Adelaide Tower

Lindsay Saunders
3 Min
Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston
Exclusive

NT Eyes Looming Boom as Planning Commissioner Bows Out

Renee McKeown
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/-logos-acquires-724m-banksmeadow-warehouse-