Swiss-based C Capital, which focuses on APAC investments, has partnered with Lendlease to develop a A$4.5bn (€2.6bn) logistics hub in Australia.
C Capital has acquired the development site which spans approximately 507ha on the southern boundary of the planned Beveridge Intermodal Freight Terminal, one of Victoria’s key connections to the Inland Rail project.
As master development partner, Lendlease will advise C Capital through the re-zoning and infrastructure enablement phase. Lendlease will have the option to acquire all or part of the re-zoned land and introduce investment partners to build out subsequent development.
Seil Kim, partner and co-head of Australia, C Capital: “This investment is a key step in growing C Capital’s Australian platform and underscores our commitment to long-term capital deployment in markets with strong fundamentals.”
Tom Mackellar, CEO Development, Lendlease: “The ongoing demand for industrial and logistics sites in Victoria, and forecast low vacancy rates, underscores the need for new supply of strategically located industrial and logistics assets.
“Our development partnership with C Capital provides optionality to grow our development pipeline with logistics, industrial and data centre assets, as we continue to build upon our existing Australian pipeline spanning luxury residential, sustainable office, build-to-rent and mixed-use precincts.”
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