JLL advised in partnership with Eastdil Secured. It is understood that the private equity giant has appointed two firms – JP Morgan and Morgan Stanley – to consider either selling or listing the assets in the A$3bn (€1.83bn) porfolio. Blackstone is calling logistics space the firm's "highest conviction global investment theme today" after striking a mammoth $18.7 billion deal for the U.S. assets of Singapore's GLP. To make the acquisition ESR partnered with GIC as its capital partner under a newly formed investment vehicle called EMP which will see ESR contribute 20 per cent of the equity. The deal encompasses 45 high-quality, income-producing assets across Australia's capital cities, and brings ESR's assets under management to $7.9 billion. In this book, the reader will find a collection of management tools that will help to implement Lean principles, and to understand the components of an integrated Supply Chain Management system. Principally responsible as Managing Director for Capital Management Australia and Joint Managing Director for Chauvel Capital Partners and Editor of Australian Property Markets News. “It’s history in the making and a transformational transaction for Australian real estate. The logistics portfolio was assembled by Blackstone over dozens of individual transactions that began with a deal with Australian developer Goodman Group in 2016. Singapore’s sovereign wealth fund GIC is joining with logistics real estate firm ESR Cayman to buy Blackstone’s portfolio of logistics properties in Australia for about A$3.8 billion ($2.9 billion), in a sign demand for warehouse facilities is growing amid an e-commerce boom fuelled by the Covid-19 pandemic. Found inside – Page 132Deep Books handles publishers lists from the UK, the USA and Australia. It pro- vides sales and distribution for these publishers throughout the UK, ... The acquisition of the Milestone portfolio is a significant leap forward for ESR. Increasingly, we are seeing opportunities for investors to expand their exposure in logistics through platform deals. An ESR Australia and GIC joint venture has acquired Blackstone's 'Milestone Portfolio' for $3.8 billion, making ESR the third-largest manager of industrial real estate in Australia. ESR Australia to acquire Milestone Portfolio for $3.8 billion deal with Blackstone. Blackstone has sold its 90 percent stake in the Fife industrial and logistics portfolio in Australia to PGIM Real Estate and Manulife for about A$850 million ($663 million), reported Australian Financial Review. Found inside – Page 45... ( full addresses in 87.3 ) : Australia & New Zealand : Keith Ainsworth Pty ... Transport 1244 ELM PUBLICATIONS 12 Blackstone Road , Huntingdon PE18 6EF ... Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, PenSam’s alternatives allocation set to pass 40% mid-decade, Pictet, Marchmont UK logistics JV buys £132m portfolio from AEW UK, Minnesota SBI mulls commitment to new Blackstone Asia real estate fund, CenterSquare, Arch Street partner to target Sun Belt retail properties, Infrastructure manager I Squared invests $200m in AG&P City Gas, Blackstone invests in US student housing via $784m JV with Landmark. The Portfolio boasts a very high quality customer base consisting of national, multi-national, ASX listed or government clients such as Woolworths, Lineage Logistics, Toll (Japan Post), Daimler Benz, Australia Post, Mazda and WesTrac. With a land area of 3.6m sqm and GLA of 1.4m sqm the site cover is a modest 38% and provides significant scope for further development. ... Blackstone Shipping Americas Inc. 33 Wood Avenue South, Suite 600 Iselin, New Jersey 08830 United States of America +1 732 6866557 During the past two years, Blackstone has given the appearance of assembling fresh warehouse portfolios in Japan and India, rhyming with the strategy it employed in Europe and Australia. ESR Australia CEO Phil Pearce described the acquisition as transformative. De souveräne Räichtumfong vu Singapur GIC schafft sech zesumme mat der Logistik Immobiliefirma ESR Cayman fir de Blackstone Logistik Immobilie Portfolio ze kafe “The portfolio is land rich, with low site coverage of only 38%, providing plenty of scope for ESR Australia to redevelop these assets over time,” Mr Pearce said. ESR and Singapore’s sovereign wealth fund GIC have established a new partnership to acquire Australia’s Milestone Logistics from Blackstone for A$3.8bn (€2.5bn). Are WA industrial property values set to rise. EMP and ESR Australia have entered into a binding agreement with Blackstone to acquire the Milestone Portfolio and MOL for a total consideration of $3.8bn - the most significant logistics portfolio transaction in Australia - subject merger clearance approval in relevant jurisdictions. Goodman Group is divesting approximately six industrial and logistics properties in Australia worth about A$400 million to Blackstone Group LP, The Australian reported. Found inside – Page 755... Blackstone Properties Pty Ltd Bridgestone Australia Ltd Blackstone Pty ... Trust Australian Consolidated Investments Limited Blue Star Logistics Pty ... Global real estate investment group ESR has agreed a deal to acquire Blackstone’s Milestone Logistics in the biggest ever direct property transaction in Australia. 3233596, VAT No. Blackstone's Australia logistics deal is 'transformational' for ESR: Chairman April 20, 2021 by Stellar ICRE in Industry News ESR Cayman Chairman Jeffrey Perlman lays out the rationale for buying Blackstone's Australian logistics property portfolio, citing strong demand from e-commerce as one major reason. Key leads from JLL were Tony Iuliano, Stuart Crow and Adrian Rowse. Blackstone has resumed preparations to make a multi-billion-dollar exit from the Australian logistics market, according to investment banking sources. Found inside – Page LE-42DOD LOGISTICS QUALIFIER CODE DICTIONARY / DIRECTORY QUALIFIER CODE SEQUENCE ... MALI Вко BARKLY DOWNS , AUSTRALIA BKP BLACKALL , QLD , AUSTRALIA BKQ BKR ... We congratulate ESR, GIC and Blackstone on this landmark deal and JLL is proud to have advised on this transaction,” says Stuart Crow, CEO, Capital Markets, Asia Pacific, JLL. Found inside – Page 161Mirrlees Blackstone, Ruston, Paxman and Pestock Marine Diesel Traders COMCOVE ... Globex International Toll Logistics See also Eastern Busin Distribution ... Found inside – Page 102Annette Carey: Chief Executive Officer, Linfox Logistics Australia and New ... She suggests that you: not invented, in Blackstone's Commentaries, Book3, ... The firm is in talks with ESR Cayman Ltd to dump a portfolio of warehouse and logistics assets in Australia for about A$3.8 billion ($2.9 billion). Ken Caplan, Global Co-Head of Real Estate, and Link’s CEO Luke Petherbridge discuss the evolution of the logistics industry in a new Q&A. Here's how to pick the next successful small cap, Victoria unveils support package for lockdown-hit regional businesses, Pental acquires Hampers with Bite in deal worth up to $28.3m, Investors breathe new life into $3.8m biomedical startup ResusRight to save newborns, Avita Medical receives FDA green light for US trial of potential vitiligo treatment, Bendigo and Adelaide Bank to acquire Melbourne fintech Ferocia for $116m, More Victorian businesses to benefit from new $367 million support package, Transport Workers Union sues Toll for $52 million in penalties, HomeCo's healthcare IPO exceeds funding plans to $650m ahead of earlier listing, Endeavour Group lists on the ASX after Woolworths demerger. Found inside – Page 1069STAUFFER , DWIGHT G. Mystery at Blackstone Lake . Illustrated by Ernest Kurt Barth , New York ... Naturecraft in Australia . Edited & arranged by Thistle Y. As an indication of market strength in Australia, Blackstone in October sold two Australian industrial sites for more than A$204m to Singapore’s Mapletree and the GIC-backed ESR Australian Development Partnership. Blackstone has been actively investing in logistics properties in Japan, spending more than 100 billion yen ($950 million) in 2019. Home/Business/ ESR and GIC buy Blackstone’s logistics property portfolio in Australia for $2.9B. It has since expanded its logistics portfolio. Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. An ESR Australia and GIC joint venture has acquired Blackstone's 'Milestone Portfolio' for $3.8 billion, making ESR the third-largest manager of industrial real estate in Australia. The deal encompasses 45 high-quality, income-producing assets across Australia's capital cities, and brings ESR's assets under management to $7.9 billion. Nuveen Real Estate has added to this year’s string of logistics mega-deals by acquiring a 29 million-square-foot portfolio of industrial properties across the U.S. from Blackstone. ESR Australia CEO Phil Pearce described the acquisition as transformative. ESR Australia CEO, Phil Pearce, described the acquisition as transformative, providing ESR Australia with immediate scale making ESR the third largest owner of logistics real estate in Australia. The 'Milestone Portfolio' boasts a high quality customer base consisting of national, multi-national, ASX-listed or government clients including Woolworths (ASX: WOW), Lineage Logistics, Toll, Australia Post, Mazda and WesTrac. ESR Milestone Partnership (“EMP”) the Milestone Portfolio, Tony Iuliano JLL Head of Capital Markets Industrial & Logistics Australia, Australia’s largest ever logistics portfolio transaction, Record Marrickville Industrial deal $40m by X Commercial, Owner occupiers drive soaring western Melbourne industrial land prices CBRE, Increase in available sub-5000 sqm industrial stock across Perth metro market - Ray White Commercial (WA), Valued Insights: ESG commitments in Industrial & Logistics CBRE. In 2019, the firm spent JPY 100 billion (then $920 million) to buy a set of six logistics facilities in Japan from a private fund managed by Mapletree. This updated edition provides an outlook on real estate investment and development trends, real estate finance and capital markets, trends by property sector and metropolitan area, and other real estate issues around the globe. To fund the acquisition, the private equity giant entered into a A$715 million facility underwritten by Deutsche Bank and UOB, the report noted, citing Bloomberg News. Given current strong demand from global and domestic investors for Australian assets, industry observers told IPE Real Assets the timing was opportune for Blackstone to make its exit now. Warwick P February 12, 2021 Comments Off on Blackstone’s $3.5b Logistics Portfolio draws bidders. “It is hugely gratifying that the momentous effort put in by everyone on ESR Australia’s team has seen the realisation of this outcome. ESR CEO Phil Pearce called the deal "transformational", providing the company with immediate scale. Operations & Logistics Support Test, Training & Simulation Weapon Systems: 300 Clubhouse Road ... Blackstone. HONG KONG - Logistics real estate manager ESR Cayman Limited said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone … Found inside – Page 2The portfolio , which was held by a joint venture between Blackstone ( 66 % ) and Bouygues Construction ( 33 % ) , includes logistics property in Paris ... The Blackstone Group Inc. disclosed that it has decided to divest its Australian logistic business. Found inside – Page 138Shahian DM, Blackstone EH, Edwards FH, et al. ... An Australian risk prediction model for determining early mortality following aortic valve replacement. Street Talk … Please tick to verify that you are not a robot. This site uses cookies. Companies like Blackstone and DWS are actively investing in the development of Australia’s refrigerated logistics sector. GIC will provide 80% of the equity for the newly created ESR Milestone Partnership (EMP) to fund the purchase of the 45 assets with ESR funding the remaining 20%. Blackstone has resumed preparations to make a multi-billion-dollar exit from the Australian logistics market, according to investment banking sources. The assets, which count Woolworths Group Ltd. and Australian Postal Corp. among clients, are expected to provide an initial yield of 4.5% with a 6.9-year weighted average lease expiry. during a period of unprecedented challenges for businesses everywherewe call on your support. Blackstone’s $3.5b Logistics Portfolio draws bidders. The story of a financial revolution—the greatest untold success story on Wall Street:Not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on ... Spending more than 100 billion yen ( $ 950 million ) in 2019 billion deal with Australian Goodman... 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