Tonight we discuss ESR Group and GIC’s knockout $3.8 billion bid for Blackstone’s Australian logistics portfolio, in a deal that marks another changing of the guard in Australia’s real estate sector.
The transaction will re-weight valuations in Australia’s industrial property sector and is the biggest piece of evidence yet of money slinging away from Australian shopping centres and office buildings to industrial sites.
We’ve also got the details on Quadrant Private Equity’s latest deal, which sees portfolio company Total Drain Group soak up Bartlett’s Environmental, creating a business making $30 million a year.
The bolt-on transaction comes at a busy time for TDG. The Nick Messina-led business has been inundated with calls for assistance from councils and infrastructure asset owners following the recent rainfall and flooding in NSW.
