GPT Group and QuadReal Expand Australian Logistics JV to A$ 2 Billion

Posted on 04/10/2022

The GPT Group and QuadReal Property Group had their 50:50 joint venture expand to A$ 2 billion. The partners have an objective to acquire and develop a high-quality portfolio of Australian prime logistics assets. The additional commitment follows the successful launch of the initial A$ 1 billion joint venture in February 2021. In just under twelve months the joint venture has invested in seven developments, four of which are already 75% pre-leased. Upon completion these projects will comprise a total of 3.4 million square feet of logistics space.

The GPT Group is one of Australia’s largest diversified property groups, listed on the ASX and a constituent of the S&P/ASX 50. GPT owns and manages a A$26.9 billion portfolio of logistics, office and retail property assets across Australia.

QuadReal is the real estate unit of British Columbia Investment Management Corporation.

Get News, People, and Transactions, Delivered to Your Inbox