Transactions - NOVEMBER 20, 2020

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ESR Australia buys $221m logistics portfolio

by Andrea Zander

ESR Australia has announced that ESR Australia Logistics Partnership (EALP) has purchased a portfolio comprising 11 assets primarily located in Australia’s eastern seaboard cities of Sydney, Melbourne and Brisbane. The sales price was A$302.5 million ($221 million).

The seller was Propertylink Australian Industrial Partnership II, an ESR-managed partnership.

The purchase of this portfolio of assets takes the gross assets of EALP to more than A$1 billion ($730 million) and totals 36 properties with 500,000 square meters (5.4 million square feet) of space.

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