18/06/21
ESR Australia settles on Milestone Portfolio and Operating Business, turns focus to realising A$3.3 Billion pipeline
18 June 2021: ESR Australia settles on Milestone Portfolio and Operating Business, turns focus to realising A$3.3 Billion pipeline
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.