Goldman Sachs buys logistics properties in Australia, focusing on last-mile locations for e-commerce.

From Investing.com: 2024-07-23 03:25:53

Goldman Sachs Group’s alternative investments platform acquired seven logistics properties in Australia, focusing on “last-mile” locations in major cities like Adelaide and Melbourne. These properties serve e-commerce and distribution companies. The financial details were not disclosed. Since 2012, Goldman Sachs Alternatives has invested over A$13 billion in Australia, including A$6.2 billion in industrial assets and commercial properties. Nikhil Reddy, head of Asia Pacific real estate, emphasized their commitment to Australian real estate and last-mile logistics properties. ($1 = 1.5081 Australian dollars)



Read more at Investing.com: Goldman Sachs buys Australia logistics properties to beef up real estate portfolio By Reuters