- The Frasers Prime Logistics Venture is a portfolio of eight core industrial assets across Sydney and Brisbane
- The joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing 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 its 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 five 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
Cushman & Wakefield, led by Tony Iuliano and Adrian Rowse brokered this transaction.
Tony Iuliano, International Director, Head of Logistics & Industrial, Cushman & Wakefield ANZ said “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”.
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