To develop a modern, high-quality logistics facilities across Australia, LOGOS has established a new venture with KKR and Mubadala Investment Company. A 18.2 hectare development site in Wacol, Brisbane were venture by LOGOS and acquired from Fletcher Building. This venture’s strategy is to acquire and develop logistics facilities predominately in the eastern seaboard markets which includes Sydney, Melbourne and Brisbane.
The venture’s seed property is located at 3746 Ipswich Road, Wacol which offers an immediate exposure and access to Brisbane’s key arterial road network is positioned at the interchange of the Ipswich and Logan Motorways, 23kms southwest of the Brisbane CBD.
LOGOS is planning to re-develop the site as a master-planned logistics estate on both pre-lease and speculative basis with up to 95,000 sqm of GLA. When completed it is estimated to have a value that excess of $200 million which was anticipated by LOGOS Wacol Logistics Estate.
LOGOS’ Head of Australia and New Zealand, Darren Searle, said: We are pleased to have established a new venture with experienced global investors, KKR and Mubadala, enabling LOGOS to continue to meet the ever growing demand from global, multi-national and domestic customers for high-quality logistics facilities within Australia. “We see the Wacol property as a strategic seed asset for this venture and are pleased to have facilitated this transaction from Fletcher Building, with whom we have a long-standing relationship,” he added.
KKR is a global investment firm and generates attractive investment returns to support growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets.
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors.