LOGOS is forming a new Australian core venture, LOGIS Australia Logistics Portfolio, with a roughly A$500 million initial investment capacity.
The venture is being formed with a leading Australian investor and will focus on acquiring high-quality core and core plus logistics properties in industrial markets along Australia's eastern seaboard.
The logistics specialist said it has identified a "strong pipeline" of acquisition opportunities for the venture.
Macquarie Capital (Australia) Ltd. acted as exclusive financial adviser to LOGOS for the transaction and as sole lead manager and arranger for the venture's capital raising process.
LOGOS, as at Jan. 1, has A$4 billion worth of equity commitments spread across 14 ventures in Australia, China, Singapore, Indonesia and India and is aiming to increase its assets under management to more than A$9 billion.
