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NewsESR Australia secures Milestone Portfolio in a landmark deal with Blackstone
19/04/21

ESR Australia secures Milestone Portfolio in a landmark deal with Blackstone

Image: 1 23 Interchange 24 (WOW)
19 April 2021: ESR Australia secures Milestone Portfolio in a landmark deal with Blackstone

  • ESR Milestone Partnership (“EMP”) to purchase the Milestone Portfolio (“The Portfolio”) from Blackstone in Australia’s largest-ever logistics and general property 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 an 80/20 Investment Partnership between GIC and ESR

  • 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

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