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08 May 2017 Posted by 

CANADIAN CONNECTION'S $160M DEAL

THE real estate arm of a Canadian investment manager has participated in a major Woolworths distribution centre purchase worth $161 million.
 
LOGOS, backed by Macquarie and Ivanhoe Cambridge from Canada acquired the 88,555-square metre property from Lendlease’s Australian Prime Property Fund.
 
Woolworths has a five-year lease over the premises and also owns the freehold. 
 
The facility, on 21.4 hectares at 69 Sargents Road, Minchinbury, will become part of the LOGOS Australia Investment Venture (LAIV),
 
LOGOS has so far developed and managed more than 100,000 square metres of industrial space – $300 million worth of sites – in western Sydney.
 
“We are pleased to have secured this significant property, being business critical to Woolworths’ supermarket supply chain network,” said LOGOS joint managing director Trent Iliffe.
 
LAIV is currently looking at several more acquisition prospects, from greenfield sites to assets with scope for redevelopment. 


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