Ivanhoé Cambridge and LOGOS Acquire Strategic Development Site in Broadmeadows, Melbourne

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Located at 120 Northcorp Boulevard in Broadmeadows, the property offers excellent access to Melbourne’s key transport network including the Western Ring Road, Tullamarine Freeway and the Hume Highway interchange, as well as the Victorian Government’s planned North East Link. Leveraging this premier location, LOGOS will transform the former Woolworths distribution centre to deliver over 120,000sqm of modern, high-quality logistics assets within the renamed LOGOS Broadmeadows Logistics Estate. false false false The Estate, which is targeting to commence construction in early 2021, will be focused on supporting the core logistics sectors of e-commerce, distribution, food and cold storage. Warehouses within the Estate, ranging from 15,000sqm to 50,000sqm, are now available for lease. false false false The transaction was brokered by CBRE’s Chris O’Brien and Daniel Eramo with the site acquired by a LOGOS venture on behalf of Ivanhoé Cambridge. This acquisition aligns with Ivanhoé Cambridge’s portfolio repositioning with a strong accent on industrial and logistics assets on the five continents where the company has investment platforms. LOGOS’ Asia Pacific portfolio comprises 100 logistics estates across nine countries with AUM of approximately $13.8 billion. LOGOS counts some of the world’s largest fund managers as its shareholders, including ARA Asset Management and Ivanhoé Cambridge. false false false