Today we announced that we have entered into an agreement to form the Growthpoint Australia Logistics Partnership (GALP) with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc. (NASDAQ:TPG).
As part of the transaction, our capital partner will acquire a c.80% interest in six Growthpoint industrial assets in line with 30 June 2024 book values. The partnership will focus on growth through acquisition of logistics assets in Australia.
Ross Lees, Growthpoint’s CEO and Managing Director said: “We are pleased to form this capital partnership alongside an aligned global institutional partner with extensive investment experience. This partnership supports Growthpoint’s strategy to grow its funds management business and capital partnerships and is a testament to the strength of our industrial portfolio.”
For more information view the ASX announcement
The GALP portfolio includes:
