Frasers Property Industrial has made its first capital partnership in Australia with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI). The Frasers Prime Logistics Venture has been established to capitalize on the continued strong demand for premium industrial estates in key logistics hubs.
The 50-50 joint venture covers a portfolio of eight major industrial assets located across Australia’s most sought-after strategic locations in Sydney and Brisbane. Spanning a total gross floor area of 188,000 square meters (2 million square feet), the portfolio is valued at approximately A$600 million ($382 million). It is fully leased, with 11 tenants, including Primary Connect, National Tiles and Williams Sonoma. The portfolio boasts a strong weight average lease expiration (WALE) of 7.7 years, and the assets have an average age of five years.
The joint venture aligns with Frasers Property’s strategy to form long-term, strategic capital partnersh
