ARA Logos to buy Australia properties, invest in sponsor's funds

Singapore

ARA LOGOS Logistics Trust (ALog) plans to fork out S$404.4 million to buy five properties in Australia from ventures managed by its sponsor, Logos Property Group, as well as invest in two of the sponsor's funds.

This will be ALog's first acquisition since its rebranding in April this year, the real estate investment trust's (Reit) manager said on Monday. The Reit was previously known as Cache Logistics Trust.

The purchase price for the five logistics properties in Brisbane, including an asset under development, is about S$225.9 million. The development asset is a cold storage facility with the i…

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