Mingtiandi
Username
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.
Centuria Capital mandates Highbury for Milestone tilt afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Canadian heavyweight stalks big hospitals, medical practices portfolio
Save
Share
A big offshore buyer is circling one of Australiaâs biggest owners of properties leased to hospitals, medical centres and sites earmarked for health care developments.
It is understood Australian Unity Healthcare Property Trust, which has $2.3 billion in assets, has come on to the radar of large Canadian investor NorthWest Healthcare Properties.
Robina Private Hospital in Queensland is one of the investments in Australian Unityâs portfolio. Â
Sources said NorthWest had run due diligence on the property trust and started thinking about how it could go about wrestling control of the portfolio.