{"id":19360,"date":"2020-08-25T15:15:09","date_gmt":"2020-08-25T19:15:09","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/caisses-real-estate-arm-investing-in-logistics-site-in-australia-149216"},"modified":"2020-08-25T15:15:09","modified_gmt":"2020-08-25T19:15:09","slug":"caisses-real-estate-arm-investing-in-logistics-site-in-australia","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/08\/25\/caisses-real-estate-arm-investing-in-logistics-site-in-australia\/","title":{"rendered":"Caisse\u2019s real estate arm investing in logistics site in Australia"},"content":{"rendered":"
\n
<\/div>\n<\/p><\/div>\n

Staff <\/span> | August 25, 2020 <\/p>\n

Ivanho\u00e9 Cambridge, the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec\u2019s real estate arm, is entering into an agreement with real estate logistics specialist LOGOS Group to acquire a development site in Australia.<\/p>\n

The organization plans to develop the site, located in one of Melbourne\u2019s key infill northern industrial suburbs, into a $230 million logistics estate with LOGOS acting as the manager and developer. The former distribution centre will be transformed to deliver more than 120,000 square metres of modern logistics assets as the LOGOS Broadmeadows Logistics Estate, according to a press release.<\/p>\n

Read: Ivanho\u00e9 Cambridge forms partnership for investment in Indian logistics facilities<\/a><\/strong><\/p>\n

\u201cThis transaction continues our strategy for logistics in the [Asia Pacific] region and our partnership with LOGOS,\u201d said George Agethen, senior vice-president of Asia Pacific at Ivanho\u00e9 Cambridge, in the release. \u201cWe remain focused on assembling a sizeable portfolio in Sydney and Melbourne, which has shown remarkable resilience through the COVID\u201119 pandemic. We are confident that we will deliver an environmentally leading estate that will meet the demands of our users for the long term.\u201d<\/p>\n

The estate, which is aiming to start construction in early 2021, will be focused on supporting the core logistics sectors of e-commerce, distribution, food and cold storage.<\/p>\n

\u201cThis is a strategic acquisition for our business as a number of our existing customers have been looking to expand into the north of Melbourne, an area which has long experienced limited supply of prime grade logistics assets for some time,\u201d said Darren Searle, LOGOS\u2019 head of Australia and New Zealand.<\/p>\n

Read: CPPIB and Ivanho\u00e9 Cambridge to invest in southeast Asian logistics facilities<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff  | August 25, 2020 Ivanho\u00e9 Cambridge, the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec\u2019s real estate arm, is entering into an agreement with real estate logistics specialist LOGOS Group to acquire a development site in Australia. The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19360"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19360"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19360\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}