Grosvenor Group backs Australian real estate firm
Grosvenor Group, through its indirect investment business, has backed the launch of a new Australian real estate investment management business, Gateway Capital.
Gateway Capital has been established by Stuart Dawes and Peter McDonald, formerly of Propertylink, who Grosvenor successfully completed three partnerships with between 2014 and 2019.
Gateway Capital will initially focus on assets and strategies in the industrial and logistics sectors where value can be added through both active asset management and asset development. These strategies will be executed in areas that are forecast to benefit from strong tenant demand linked with the growth of ecommerce, together with other structural tailwinds supporting the industrial and logistics sector. While the Gateway Capital strategy will commence with an industrial and logistics focus, the company will explore other asset classes over the medium term.
Gateway Capital has also launched its first investment vehicle,