Charter Hall’s leading A$7 billion ($5.4 billion) wholesale industrial and logistics fund, CPIF, has acquired the leasehold interest in 35 hectares of master-planned approved industrial land known as the Light Horse Business Hub in Eastern Creek, NSW, a suburb of Sydney.
This strategic parcel of land is being leased from the Western Sydney Parklands Trust (WSPT) via an open-market tender process, with the transaction approved and executed by the NSW Minister for Planning and Public Spaces.
CPIF has entered into a five-year development management agreement with the Western Sydney Parklands Trust (WSPT) to develop the master-planned approved Light Horse Business Hub. Upon completion of each new facility, CPIF will enter a 90-year ground lease providing an annual annuity to the trust that will contribute to the cost of operating, maintaining and enhancing the Western Sydney Parklands for the benefit and enjoyment of the community in Western Sydney. Works are planned to
