MinterEllison advises Commercial & General on establishment of A$130.5m Logistics Property Joint Venture
MinterEllison has acted for Commercial & General, who has partnered with Straits Real Estate Pte. Ltd (a wholly owned subsidiary of SGX-listed The Straits Trading Company Limited, SGX:S20) to launch an unlisted logistics real estate platform.
The seed assets of the platform, collectively worth approximately A$130.5 million, are to be managed by a newly created investment manager, ILP Managers Pty Ltd, a 50-50 joint venture between Commercial & General and Straits Real Estate.