Cabot Properties Expands Footprint with New Logistics Facility
Cabot Properties Expands Its Operations with Strategic Acquisition
Cabot Properties, a key player in the logistics property sector, has made a notable move by acquiring a newly constructed multi-story logistics facility in Sydney. This acquisition, valued at A$137.6 million, marks a significant step in the company’s strategy to invest in prime industrial real estate markets globally.
Overview of the New Facility
Located at 42-52 Raymond Avenue in Matraville, the facility boasts a substantial floor area of approximately 19,819 square meters, equivalent to about 213,330 square feet. This actively managed property, developed by LaSalle Investment Management, is among the first of its kind in Australia featuring a multi-story configuration designed to meet the demands of logistics clients swiftly and efficiently.
A Commitment to Sustainability and Efficiency
The facility is classified as Class A and consists of four distinct units, with one currently leased to a well-known local supplier specializing in roofing materials. Each unit ranges from 4,640 to 5,109 square meters, showcasing versatility and robust storage capabilities. Notably, the building was developed in accordance with Four Star Green Star standards, demonstrating a commitment to sustainability through the incorporation of advanced features such as a 300kW solar PV system, a rainwater recycling system, and EV charging stations.
Strategic Location and Accessibility
This facility is strategically positioned in one of Sydney's most land-constrained industrial areas, providing unparalleled access to major transportation routes. The connectivity to the Eastern Distributor, Southern Cross Drive, M5 Motorway, and the new WestConnex M8 Motorway allows convenient distribution options, reaching approximately 3.4 million residents within a quick 45-minute drive.
Leadership Insights on the Acquisition
Sally Box, Managing Director of Investments for Asia Pacific at Cabot Properties, expressed enthusiasm regarding this acquisition. She mentioned that while multi-story warehouses are already a familiar concept in parts of Asia, they are just beginning to gain traction in Australia. Box highlighted the importance of these facilities in maximizing land use, thus enhancing storage capabilities and supporting effective distribution networks.
A Collaborative Development Effort
The successful completion of this facility was the result of collaborative efforts among several partners, including LaSalle Investment Management, Hale Capital, and Vaughan Constructions. The transaction was facilitated by the experts at Colliers International, emphasizing a strong team effort in navigating the acquisition process.
About Cabot Properties: A Leader in Logistics
Founded in 1986, Cabot Properties has established itself as a leading international private equity real estate firm focused on the logistics sector. With a robust investment portfolio exceeding $15 billion in logistics real estate, the company serves over 4,200 tenants across more than 1,600 properties, cumulatively exceeding 230 million square feet. With headquarters in Boston and offices in various major cities globally, including Sydney, Cabot continues to expand its international reach, demonstrating its commitment to meeting the evolving needs of the logistics market.
Frequently Asked Questions
What type of property did Cabot Properties acquire?
Cabot Properties acquired a newly built multi-story logistics facility in Sydney.
What is the size of the new facility?
The facility spans about 19,819 square meters or 213,330 square feet.
Why are multi-story warehouses attractive to Cabot Properties?
Multi-story warehouses maximize land use, enhance sustainability, and improve storage capacity.
How does the location of the new facility benefit operations?
The location offers access to major transportation routes, facilitating efficient logistics and distribution.
Who were the key partners in the facility's development?
Key partners included LaSalle Investment Management, Hale Capital, and Vaughan Constructions.
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