AXA IM Alts has partnered with Australian Super, Ivanhoé Cambridge and TCorp (NSW Treasury Corporation), together with logistics developer and investor Logos, to acquire a direct investment in the world’s first automated logistics facility, in Moorebank, Sydney.
The Moorebank Logistics Precinct (MLP) has been acquired from logistics operator Qube Ltd. for a total of A$1.67 billion ($1.25 billion).
The 243-hectare (600-acre) precinct in the high-growth Western Sydney region will be developed into a high-quality warehousing precinct, providing more than 850,000 square meters (9.1 million square feet) of modern logistics and industrial warehousing, with unrivaled supply-chain benefits to tenants. In addition, MLP will feature fully automated freight movements straddle carriers, which provide greater terminal safety and sustainability, and greater long-term value than manual solutions, delivering tenants’ goods in a timely and efficient manner. At present, MLP compri
