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Sign in Sign up for a FREE subscriptionGateway Capital joins Cadillac Fairview to launch $671m logistics fund in Australia
Gateway Capital, an investment manager focused on creating core assets in the industrial, logistics and office sectors, and Canada’s Cadillac Fairview have joined to launch a A$1 billion ($671 million) real estate fund focused on urban industrial and logistics markets in Australia.
According to reports, the Gateway Capital Urban Logistics Partnership (GULP) will assemble a portfolio consisting of value-add opportunities and development plays.
In connection with the fund’s launch, Cadillac Fairview will take a minority stake in the Gateway platform alongside Grosvenor Group, through an expected investment of A$700 million ($470 million). As of Dec. 31, 2022, Gateway Capital had roughly A$420 million ($282 million) in assets under management.
“We are delighted to be partnering with Cadillac Fairview on the GULP strategy, whilst also welcoming them to Gateway Capital as a shareholder,” said Stuart Dawes, co-founder and CEO of Gateway Capital. “We believe
