Australian logistics real estate company LOGOS Property Pty Ltd. purchased a 4.4-hectare industrial warehouse site in Sydney from a syndicate of 22 private owners for A$72.4 million, The Australian Financial Review reported.
The site at 2-6 Moore St. in the Banksmeadow suburb was acquired in an off-market deal that closed just before 2017-end, according to the report. The asset, leased to packaging company Orora, previously changed hands in 2008 for A$26.2 million.
The publication noted that it was unclear whether the site was acquired for the company's new A$500 million LOGIS Australia Logistics Portfolio fund.
