MEDIA RELEASE: Qualitas provides senior debt land facility to LOGOS Group
22 June 2022
Melbourne – On behalf of the Qualitas funds we are pleased to announce a senior debt land facility to LOGOS Group, a leading Asia-Pacific logistics specialist, for an industrial site in Melbourne’s established western industrial precinct.
The site along Troups Road and Mt Atkinson Road, Truganina in Victoria is approximately 25km west of Melbourne’s CBD and 18km from Melbourne’s ports. The site is within Melbourne’s Western Growth Corridor, providing excellent access to major road infrastructure, including the Western Freeway.
The development will comprise a high-quality prime-grade logistics estate comprising of two warehouses totalling 71,600sqm of GLA.
Mark Fischer, Global Head of Real Estate and Co-Founder of Qualitas said: “There is strong demand for industrial development land, particularly within Melbourne’s Western Corridor. We are delighted that LOGOS, a high calibre logistics specialist, with a strong track record and pipeline across Asia-Pacific recognised the benefits of financing their asset with an alternative real estate investment manager such as Qualitas.
As a firm with a significant equity investment strategy, we understood LOGOS thesis for the asset and were able to provide certainty in a short time frame and be more flexible on the financing terms to accommodate their requirements. We have conviction in this precinct for logistics allowing us to provide the speed and certainty to allow LOGOS to secure the asset in a competitive environment for acquisition of assets”, he said.
Wayne Thong, Group Treasury, of LOGOS Group said: “ This was our first debt transaction with Qualitas and we were impressed by their efficiency, flexibility, and professionalism. Given the complex nature of the transaction, we were glad to be partnering with Qualitas due to their willingness to be commercial and accommodate LOGOS on terms on a higher leverage debt solution.”
Michael Prodinger, Assistant Fund Manager, of LOGOS Group added: “This was a strategic off-market transaction, on behalf of our Venture partners. It was fantastic to work with Qualitas and we look forward to continuing the relationship as we grow our logistic portfolio in key Australian markets.”
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22 June 2022
About Qualitas
Qualitas Limited (Qualitas) is an ASX-listed Australian alternative real estate investment manager, with committed funds under management of $4.22 billion across debt and equity fund mandates, specialising in real estate private credit and real estate private equity sectors. Founded in 2008, the firm has since inception invested in or financed assets valued at over A$15 billion.
The firm invests in real estate private credit, opportunistic real estate private equity, income producing commercial real estate and build-to-rent residential. Qualitas manages discretionary funds on behalf of institutional, wholesale and retail clients in Australia, Asia, and Europe. www.qualitas.com.au
About LOGOS Group
LOGOS is a dynamic and growing logistics specialist with operations across 10 countries in Asia Pacific. LOGOS’ shareholders comprise ESR Group, APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally and its Founders, John Marsh and Trent Iliffe.
LOGOS manages every aspect of logistics real estate, including investment management, sourcing land or facilities and undertaking development and asset management, on behalf of some of the world’s leading global real estate investors. LOGOS has circa 9.1 million sqm of property owned and under development, with a total completed value of over US$19.6 billion, across 31 ventures, including the Singapore listed ARA Logos Logistics Trust. For more information: www.logosproperty.com
For further information, please contact:
Kate Stokes, Head of Marketing and Communications, Qualitas
M: 0481 251 552
E: kate.stokes@qualitas.com.au
Qualitas Disclosure
This media release has been prepared by Qualitas Securities Pty Ltd (ACN 136 451 128) (Qualitas Securities), holder of Australian Financial Services Licence number 342242. Qualitas Securities and its related bodies corporate and affiliates constitute the Qualitas group (Qualitas).
The information contained herein is for informational purposes only and does not constitute an offer to issue or arrange to issue financial products. The information contained herein is not financial product advice. This document has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you should read the publicly available information carefully and consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is not an indicator of future performance.
No member of Qualitas gives any guarantee or assurance as to the performance or the repayment of capital.
All data in this document has been calculated using the most accurate sources available, however any rates or totals manually calculated may differ from those shown due to rounding. Figures may also differ from those previously disclosed due to adjustments made following period end.