Fund manager Hale Capital is seeking $300m of fresh equity to fund a series of warehouse projects in the inner suburbs of Sydney and Melbourne.
Already a subscriber?Multistorey warehouse pioneer Hale Capital Partners is looking to ride the wave of strong demand for last-mile logistics facilities generated by the growth of e-commerce with a $300 million equity raising.
Also last year, Hale kicked off development on a 37,500sq m multilevel project at 339 Horsley Road, Milperra, in the south-west, while in March, Hale unveiled a 40,000sq m multistorey project in Lidcombe, due to be completed in early 2026.
The report also identifies the infill sector, where the average age of a warehouse is 40 years, as ripe for redevelopment into modern facilities. Many of these sites – especially in Sydney, where land values are high – could be converted into multistorey hubs. As a result of this outperformance, Tony Iuliano, head of logistics and industrial at Cushman & Wakefield, said there was outsized investor demand for infill assets.
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