Charter Hall, Tokyo Tatemono, UBS AM strike logistics pact
Japanese real estate group Tokyo Tatemono with Switzerland-based UBS Asset Management have teamed with Charter Hall for an investment vehicle seeded with a $1.2 billion portfolio of east coast assets.
The mandate will target industrial real estate nationally.
It is Tokyo Tatemono’s maiden Australian investment in the sector.
It is also the company’s first capital deployment with Charter Hall, which has several partnerships like this, including with UBS.
$1.2b portfolio
The seed portfolio includes three investments in Sydney and two in Brisbane.
It also includes a 20 hectare infill site in Melbourne’s Dandenong – considered the priciest region outside the inner-city to buy or rent industrial.
ALDI, Coles and Coca-Cola occupy them.
“We welcome Tokyo Tatemono as a new capital partner,” David Harrison said (continues below).
“As one of Japan’s leading real estate groups, Tokyo Tatemono brings a highly aligned, long-term investment approach and shares our conviction in the Australian logistics sector,” according to the executive.
Managing executive officer and overseas business division director Fumio Tajima added the local industrial market presented a compelling investment profile underpinned by resilient occupier demand.
“Charter Hall’s market-leading platform, deep local expertise and proven investment track record made this portfolio an attractive entry point for Tokyo Tatemono’s first investment in the sector,” he said.
Industrial assets under management nears $25b
The partnership follows a separate transaction involving Charter Hall’s industrial and logistics platform—now valued at $24.9 billion—which recently grew an existing mandate with a domestic capital partner to $650m via off-market deals.
Charter Hall Industrial & Logistics Chief Executive Officer Richard Stacker said the agreement highlights ongoing institutional appetite for prime distribution infrastructure.
“Together with Tokyo Tatemono, we have assembled a portfolio that reflects our partnership-led approach and our focus on delivering sustainable, long-term value for investors,” he added.
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