logistics

Asian investors are ploughing $600m into core assets around the country.

Property mega deals are back. The commercial property market has come through the pandemic with wheeling and dealing back in vogue even in virtual meeting rooms. Australia’s commercial property market has more than survived the searing worst of the pandemic and close to $17bn worth of assets traded in a busy first half.

Property funds group Charter Hall has swooped on a major logistics portfolio, picking up a 25-strong warehouse network from the Smith family’s PFD Food Services, in which Woolworths is taking a controlling stake.

The housing market could shift into under-supply in growth corridors around major cities in coming years, according to the country’s largest residential developer, Stockland.

The property sector is proving a profitable ground for potential listings of new companies on the ASX, with Newmark Capital the latest to weigh up a move as it readies a potential listing of its $300 million hardware trust.

The pipeline of companies lining up to float on the Australian Securities Exchange is being bolstered as US private equity giant Blackstone readies the launch of the Milestone Logistics Group.

Global insurance and investment company Swiss Re will put a massive commercial property portfolio on the block in a move that could garner it more than $1 billion.