ESR Australia Closes Out EALP II with an additional $158.6million of national acquisitions
8 September 2022: ESR Australia Closes Out EALP II with an additional $158.6million of national acquisitions
ESR Australia has closed out its ESR Australia Logistics Platform II (EALP II) fund, deploying A$158.6million to acquire two well-located core-plus income-producing portfolios.
The acquisitions include eight logistics properties in key markets in Melbourne, Brisbane, and Perth, comprising 54,154 sqm of GFA on 160,345sqm of land area.
The assets are located in high-growth industrial areas, where ESR plans to unlock further value through active asset management.