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ESR Australia secures Milestone Portfolio in a landmark deal with Blackstone

19 April 2021

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  • 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.

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