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Logos agreed to buy the Moorebank Logistics Park near Sydney last month
Logos Property Group is continuing to ramp up its regional portfolio as the ARA Asset Management-backed developer seeks to add a Blackstone-owned logistics portfolio to recent acquisitions in Sydney and Singapore.
Logos is now among five bidders short-listed in Blackstone’s sale of the Milestone Logistics portfolio in Australia, which is set to receive final bids of around A$3 billion ($2.3 billion) before the middle of next month, according to local news reports.
The face-off for the 1.4 million square metre (15 million square foot) set of warehouse assets has the company headed by Trent Iliffe and John Marsh competing with regional powerhouses ESR and Mapletree, as well as with Australia’s Dexus and AXA Investment Managers of France, according to an account in the Australian Financial Review.