LOGOS has secured an additional equity commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its flagship LOGOS Australian Logistics Venture (LALV), providing investment capacity to grow the LALV portfolio to a Gross Asset Value of more than A$5 billion ($3.64 billion).
LALV was established by LOGOS and a wholly owned subsidiary of ADIA in November 2014. LALV’s primary strategy is to acquire and develop prime logistics assets in Australia.
Since inception, LALV has delivered strong returns and has continued to grow its portfolio. This commitment from ADIA’s subsidiary provides significant capacity to acquire additional major development sites, of which LOGOS has several in exclusive due diligence.
LALV’s portfolio currently consists of nine large multi-tenanted logistics estates with a total end value of A$3.7 billion ($2.7 billion), including a major stake in the recently acquired Qantas Sydney Airport Precinct. All the
