- The Frasers Prime Logistics Venture is a portfolio of eight core industrial assets across Sydney and Brisbane
- The joint venture represents a first time offering in the Frasers Property Industrial portfolio
- Aligns with Frasers Property’s strategy of improving returns while maintaining capital efficiency through long-term capital partnerships
Frasers Property Industrial has today announced our first capital partnership in Australia with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (“MSREI”). The Frasers Prime Logistics Venture has been established to capitalise on the continued strong demand for premium industrial estates in key logistics hubs.
The 50-50 joint venture covers a portfolio of eight major industrial assets located across Australia’s most sought-after strategic locations in Sydney and Brisbane.
Spanning a total Gross Floor Area of 188,000 sqm, the portfolio is valued at approximately A$600 million. It is fully leased, with 11 tenants including Primary Connect, National Tiles, and Williams Sonoma. The portfolio boasts a strong WALE of 7.7 years, and the assets have an average age of just 5 years.
The joint venture aligns with Frasers Property’s strategy to form long-term, strategic capital partnerships to improve returns while maintaining capital efficiency.
Reini Otter, Chief Executive Officer, Frasers Property Industrial, said, "Aligning with like-minded capital partners is crucial to our strategic goals at Frasers Property. This collaboration with MSREI allows us to leverage synergies effectively across our extensive industrial portfolio.
Our dedication to delivering sustainable and top-tier industrial and logistics assets aligns with MSREI's objectives, and we look forward to forging a robust, enduring partnership based on our strong pipeline and shared vision."
The portfolio of assets under the JV comprises:
- 4 Burilda Close, Wetherill Park, NSW
- 6 Burilda Close, Wetherill Park, NSW
- 4 Johnston Crescent, Horsley Park, NSW
- 2 Johnston Crescent, Horsley Park, NSW
- 2A Johnston Crescent, Horsley Park, NSW
- 15-19 Muir Road, Chullora, NSW
- 29 Fairway Street, Stapylton, QLD
- 24-60 Homestead Drive, Stapylton, QLD
Cushman & Wakefield, led by Tony Iuliano and Adrian Rowse brokered this transaction.
“Australia remains the preferred investment destination within the region, with capital continuing to flow back into the country — particularly into the industrial and logistics sector. While investment activity is becoming increasingly selective, a clear trend has emerged towards newer, high-quality assets located in strategic infill locations as investors adopt a 'flight to quality' approach” said Tony Iuliano, International Director, Head of Logistics & Industrial - ANZ.
Adrian Rowse, National Director, Capital Markets Logistics & Industrial – ANZ added “This portfolio represents a premium-grade offering, developed entirely by Frasers Property — one of the few genuine national developers with a proven track record in delivering institutional-grade industrial assets across Australia”.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
About Frasers Property Industrial
Frasers Property Industrial is a strategic business unit of SGX-listed Frasers Property Limited. Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$39.6 billion as at 30 September 2024.
Frasers Property Industrial owns and manages industrial and logistics properties in Australia and Europe, and its portfolio includes logistics facilities, warehouses and production facilities in strategic locations. Frasers Property Industrial has approximately S$12.0 billion of assets under management as at 30 September 2024 with integrated development, asset management and third-party capital management capabilities across the Group’s industrial and logistics markets in Australia, Germany and the Netherlands.
In addition, Frasers Property Industrial provides property management services to the logistics and industrial properties owned by Frasers Logistics & Commercial Trust (“FLCT”) in the major logistics and industrial markets of Australia, Germany and the Netherlands. FLCT is Singapore-listed REIT with a S$6.8 billion portfolio comprising 112 industrial and commercial properties across five developed markets – Australia, Germany, Singapore, the United Kingdom and the Netherlands. FLCT is sponsored by the Group and is managed by Frasers Logistics & Commercial Asset Management Pte. Ltd.
For more information on Frasers Property Industrial, please visit FrasersPropertyIndustrial.com or follow us on LinkedIn.
About Frasers Property Limited
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$39.6 billion as at 30 September 2024.
Frasers Property's multinational businesses operate across five asset classes, namely, commercial & business parks, hospitality, industrial & logistics, residential and retail. The Group has businesses in Southeast Asia, Australia, the EU, the UK and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries across Asia, Australia, Europe, the Middle East and Africa.
Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.
The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture.
For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn.
