Sydney, Australia (October 2, 2024) – Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and Realterm, an independent global investment manager focused of the transportation industry, announced today the second acquisition of their transportation logistics real estate joint venture in Australia. The asset is a 28,760-square-meter industrial outdoor storage (IOS) facility at 311 The Horsley Drive, Sydney, New South Wales and was acquired for $28M which sits below land value.
Located in Fairfield, one of Sydney’s oldest established industrial and most tightly held markets, the site boasts a 3,609-square-meter warehouse and approximately 1.7 hectares of secure storage space. The main warehouse has a medium internal clearance with seven raised docks and one level access point in addition to office and amenities. There is also a workshop/wash bay located along the southeast boundary of the property.
“The property’s location is highly advantageous for transportation and logistics operations and sits in an area of Sydney currently characterized by its limited supply and low vacancy offering a rare and coveted opportunity,” said Toni Ryan, Fund Manager Australia at Realterm. “We look forward to our continued expansion in Australia and are committed to broadening our presence further in this active and highly sought after market.”
The property’s transportation-advantaged location in Sydney’s central west means it is easily accessible to the M4 & M5 motorways, connecting seamlessly to the broader Sydney market and Port Botany. The site also benefits from being in close proximity to the Yennora, Chullora and Enfield rail intermodals.
“The acquisition is a great example of how we work closely with our local broker network to secure off market opportunities, a strategy that is enabling us to secure these IOS sites of scale in tightly held, infill markets”, said Charlotte Brabant, Head of Investments, Australia. Realterm were represented by CBRE’s Elijah Shakir on the acquisition.
Joe Chien, Managing Director, Private Real Estate Asia at Partners Group, said, “Industrial outdoor storage (IOS) represents a unique and emerging urban logistics strategy in which we have strong thematic conviction, and we will continue to seek opportunities to expand in Australia.”
This acquisition directly follows the joint venture’s inaugural transaction in the Australian market at the beginning of the year, having acquired 77 Governor Macquarie Drive, Chipping Norton a 41,490-square meter IOS facility in Sydney’s south west.
About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1’800 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over $11 billion in assets.
