LOGOS has formed a new venture with private equity firm KKR and Abu Dhabi–based Mubadala Investment Company for the development of modern, high-quality logistics facilities across Australia. LOGOS has seeded the venture with an 18.2-hectare (45-acre) development site in Wacol, Brisbane, acquired from New Zealand–based Fletcher Building Ltd. The venture has a strategy to acquire and develop logistics facilities predominately across the key eastern seaboard markets, including Sydney, Melbourne and Brisbane. KKR makes its investment from its Asia Real Estate Partners fund.
Located at 3746 Ipswich Road, Wacol, the venture’s seed property offers immediate exposure and access to Brisbane’s key arterial road network being positioned at the interchange of the Ipswich and Logan Motorways, 23 kilometers (14 miles) southwest of the Brisbane CBD.
LOGOS seeks to redevelop the site into a master-planned logistics estate. Upon completion, the LOGOS Wacol Logistics Estate is a
