Allens has advised the LOGOS consortium – comprising AustralianSuper, AXA, NSW Treasury Corporation, Ivanhoé Cambridge and LOGOS – on the $1.67 billion acquisition of the warehousing and property components of Qube’s Moorebank Logistics Park.
Moorebank Logistics Park is Australia’s largest freight infrastructure project and will link Port Botany direct to rail terminals and warehousing on a 243-hectare site, greater than the size of the Sydney CBD.
Co-lead Partner and projects specialist, Nigel Papi said: ‘This highly complex transaction underscores the strong interest of long-term investors in logistics assets. The Moorebank Logistics Park is a unique site combining warehouse construction, rail infrastructure and an import-export terminal. Qube’s monetisation process received strong interest from a number of parties and we are very pleased to have been able to assist the LOGOS consortium to secure this significant asset.’
Co-lead Partner and funds specialist, Penny Nikoloudis said: ‘We congratulate LOGOS and the consortium partners on this landmark investment. We are fortunate to know LOGOS very well, having acted for LOGOS on significant ventures and transactions over the past decade, which have helped shape the dynamic and growing logistics sector in Australia.’