Allens is pleased to have assisted the LOGOS consortium comprising AustralianSuper, AXA, NSW Treasury Corporation, Ivanhoé Cambridge and LOGOS complete their landmark $1.67 billion acquisition of the warehousing and property components of Qube's Moorebank Logistics Park.
Moorebank Logistics Park is Australia's largest intermodal freight facility, offering unparalleled industrial warehousing opportunities and rail-to-port connectivity. The site includes approximately 243 hectares of land which will be developed into high quality industrial property and infrastructure – a size greater than the Sydney CBD.
Co-lead Partner and Projects specialist, Nigel Papi said, 'This is a watershed moment for the LOGOS consortium and, more broadly, the Australian logistics sector. We are very excited to see LOGOS activate its future plans for the site.'
Adrian Amer, Allens M&A Managing Associate, echoed these remarks and added, 'We have a great working relationship with the LOGOS team and are very pleased to have had the opportunity to work closely alongside them in reaching completion of this transaction – one of the most exciting within LOGOS' A$22 billion portfolio.'
