Cache Logistics Trust makes maiden Australian acquisitions worth $73.4m
It will buy three properties in the land down under.
Cache Logistics Trust will make its maiden foray into Australia with the acquisition of three properties worth a total of $73.4m (AUD70m) in the continent.
The properties are being acquired from McPhee Development, Larapinta Logistics and Sonton. McPhee Distribution Services will leaseback an initial 60.6% of the total lettable area of the Properties from the date of closing, increasing to 83.2% from April 2018.