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ESR Australia settles on Milestone Portfolio and Operating Business, turns focus to realising A$3.3 Billion pipeline

18 June 2021

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  • ESR Milestone Partnership (“EMP”) settles on the purchase of the Milestone Portfolio (“The Portfolio”) from Blackstone, Australia’s largest-ever logistics and general property portfolio transaction
  •  The $3.8 billion acquisition consists of 45 high-quality, income-producing assets set over 3.6 million sqm, and the associated operating business.
  • ESR Australia’s Assets Under Management (AUM) leap 72% to A$8.1 billion, while the development pipeline has increased 35% to A$3.3billion

Read more in the media release below.

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