- ESR Milestone Partnership (“EMP”) to purchase the Milestone Portfolio (“The Portfolio”) from Blackstone, Australia’s largest ever logistics portfolio transaction
- The $3.8 billion portfolio consists of 45 high-quality, income-producing assets set over 3.6 million square metres (sqm)
- EMP to be a 80/20 Investment Partnership between GIC and ESR
- ESR Australia to acquire Milestone Operations Limited (“MOL”) the manager of The Portfolio
- Post-transaction, ESR Australia will emerge as the third-largest manager of industrial real estate in Australia by value with AUM of A$7.9bn
Read more in the media release below.