KM Property Funds and PGIM Real Estate have acquired a prime industrial and logistics estate in Yatala, Queensland. The estate was acquired off-market by a joint venture between a PGIM Real Estate strategy and a KM Property Funds-managed private fund.
Situated at 14 Dixon St., the estate is centrally located between Brisbane and the Gold Coast and benefits from direct access to the M1 Pacific Motorway. The transaction is KM Property Fund’s second industrial acquisition with PGIM Real Estate within a nine-month period, highlighting its appetite for high-quality industrial investment opportunities in Australia.
“We continue to build our national industrial operating partner capability and are delighted to once again partner with PGIM Real Estate on this exciting transaction. The compelling risk-return profile of the estate makes it an excellent asset to be added to our portfolio,” said Nick Crockett, partner at KM Property Funds.
Steve Bulloch, managing dire
