Logos is riding the momentum at its 20-hectare industrial estate near Perth airport, pushing the button on a 19,000 sq m speculative build after separately signing up Inghams as a tenant.
Logistics investment platform Logos is close to completing a $250 million-plus industrial estate it has been developing near Perth airport, through its latest deal struck with poultry producer Inghams for a facility of close to 10,000 square metres.
As well, Logos is riding the momentum to the finish at its 20-hectare Hazelmere Logistics Estate and has decided it will also push the button on a 19,000 sq m speculatively built facility next to the Ingham’s development.Together, the Inghams’ warehouse and the spec build will complete development of the estate which Logos, which has good access to major transport routes. Fully built, the estate will offer around 96,000 sq m of logistics space.
Logos had around $800 million in assets under management in 2015 when it secured its first pre-commitment at Hazelmere. Founded by John Marsh and Trent Iliffe, the platform has since ridden the wave of institutional interest in industrial property, expanding into the Asia Pacific region. It now manages more than $31 billion of warehouses and logistics assets..
Success at the Perth estate follows on the heels of other headline deals over recent months, including the signing up of snack food giant Mondelez to occupy a near 43,000 sq m automated warehouse to be built in Melbourne’s west.a $500 million logistics estate
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police, lord mayor hit out at 'boofheads' behind Perth Australia Day brawlsBasil Zempilas said people who engaged in the violent behaviour are not welcome in the city following the two incidents, which required a significant police response.
Read more »
Radioactive capsule lost in Western Australia, sparking emergency hazmat warningA tiny radioactive capsule has been lost between a mine in Western Australia&x27;s Pilbara region and Perth, sparking an urgent hazmat health warning.
Read more »
'It was a bit of a clinic': Turner blasts Scorchers into Big Bash finalAshton Turner and Cameron Bancroft team up to send the Perth Scorchers into the Big Bash final, sending the Sixers to 'The Challenger' match.
Read more »
Search begins for lost radioactive capsule Western AustraliaWA&x27;s state&x27;s emergency department is conducting a search for the missing device using gauges to measure radiation along long stretch of freeway between Pilbara region and Perth.
Read more »
Surging rent means these CBDs are smashing Sydney and MelbourneOffice rents are surging in Perth and Brisbane, rising 6 per cent in the 2032 Olympic city in the December quarter, thanks partly to a robust resources sector.
Read more »
Search underway for missing radioactive capsule in WAA search is officially underway to locate a missing radioactive capsule lost between Perth and the Pilbara region. It's been confirmed the capsule can't be weaponised, though it could cause serious health problems if not handled safely. Cleanup crews are searching for the silver capsule measuring six by eight millimetres along a stretch of highway near Newman. Anyone who suspects they may have found the capsule should contact fire and emergency services. Authorities are continuing to investigate how the capsule went missing.
Read more »