19/04/21
ESR Australia secures Milestone Portfolio in a landmark deal with Blackstone
19 April 2021: ESR Australia secures Milestone Portfolio in a landmark deal with Blackstone
ESR Milestone Partnership (“EMP”) to purchase the Milestone Portfolio (“The Portfolio”) from Blackstone in Australia’s largest-ever logistics and general property portfolio transaction
The $3.8 billion portfolio consists of 45 high-quality, income-producing assets set over 3.6 million square metres (sqm)
EMP to be an 80/20 Investment Partnership between GIC and ESR
Post-transaction, ESR Australia will emerge as the third-largest manager of industrial real estate in Australia by value with AUM of A$7.9bn
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