Global asset manager Nuveen has provided an A$205 million senior loan to Hale, Warburg Pincus and Oxford Properties Group to support the development of a multi-storey logistics facility at Rosehill, Sydney.
“Rosehill has one of the lowest industrial vacancy rates globally1 and is located on a strategic ‘last mile’ infill site immediately adjacent to the M4 motorway, 3km from Parramatta and 18km from Sydney CBD.
On completion, the building will have a total net lettable area (NLA) of 49,173 sqm. Construction has commenced with completion expected mid-2026.
David Chan, Senior Director for Australia and New Zealand Debt at Nuveen, who was responsible for originating and closing the debt deal, said: “The Sydney logistics market remains very tight and this is even more pronounced within inner-city infill locations due to strong tenant demand and low competing supply.
“The building, once complete, will be a premium multi-storey logistic estate in a land-constrained logistics market with limited competing product.
“Hale is a market-leading logistics developer and has a stellar track record of returns and delivery. We are excited to be growing our lending relationship with Hale across their business.”
You can now read the full press release at the link below
