ADIA puts Aussie logistics estates on the market, Peregrine takes flight

Wakefield have kicked off the year’s biggest real estate sale, seeking a buyer for a half-share of a $3 billion-odd portfolio of industrial properties.

Peregrine’s properties covered 169 hectares, had 30 tenants, an 8½ year weighted average lease expiry and forecast $83 million net operating income next financial year. LOGOS, Peregrine, is technically the party calling for co-investors in the portfolio; however, it’s pretty clear the sale is on behalf of Abu Dhabi Investment Authority which industry sources reckon owns a 90 per cent stake in the portfolio via the LOGOS Australian Logistics Venture. [The portfolio’s name Peregrine crosses over with a type of falcon found in the UAE, which is ADIA’s home base.]

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Single biggest investment’ into Australia’s defence: Albanese on AUKUSPrime Minister Anthony Albanese says AUKUS is the “single biggest investment” into Australian defence capabilities in history. “Over the years to come, many billions of dollars creating jobs, creating innovation, making the best of Australian science, technology, innovation, here in Defence industries,” Mr Albanese said at a media conference on Monday. “This is an exciting project, AUKUS is the single biggest investment in Australia’s defence capability in our history. “This will create some 20,000 jobs directly over the next 30 years, it will strengthen Australia’s national security and contribute to regional stability in response to the unprecedented regional challenges which we are facing.” Morrison AUKUS legacy carried on by the Albo Labor Govt He didn’t say it was a good investment, just a really big one 😂 Strange that we didn't really have a public conversation about it first, then...
Source: SkyNewsAust - 🏆 7. / 78 Read more »