A global institutional investor has made an A$220m (鈧�125.4m) commitment to a Realterm-managed logistics fund that has now closed.
Global logistics manager Realterm said its second Australian fund, focused on transport-advantaged logistics real estate like first mile, transload, final-mile facilities and industrial outdoor storage, was anchored by the unnamed investor.
Bastian van Halder, managing director, Asia Pacific at Realterm, said: 鈥淩ealterm is excited about the launch of its latest Australia fund with one of our long-standing global capital partners as the anchor investor.
鈥淭he successful closing demonstrates the strong investor confidence in our differentiated investment approach and the continued demand for transport-advantaged logistics real estate in Australia.鈥�
The fund is the second Realterm fund in Australia and its eleventh globally.
Toni Ryan, fund manager, Australia at Realterm, said: 鈥淭he Australian logistics sector continues to provide favourable dynamics combining low national vacancy rates with attractive prime yields.
鈥淲e appreciate our anchor investor鈥檚 continued support of Realterm鈥檚 global investment strategy.鈥�
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