Australia's Aware Super, a A$200 billion ($132 billion) pension fund, has acquired a 49% stake in a new venture with Goodman Group to invest in a $1.3 billion portfolio of US industrial properties. This strategic investment includes three Los Angeles facilities totaling 2.8 million square feet, with Amazon.com Inc. listed among its tenants, underscoring continued institutional interest in high-value logistics real estate within key US markets.
Australia's A$200 billion pension fund, Aware Super, has executed a significant capital deployment into the US real estate market by acquiring a 49% stake in a $1.3 billion industrial property venture with Goodman Group. This investment specifically targets a portfolio of three prime Los Angeles properties, totaling 2.8 million square feet. The transaction underscores the persistent institutional appetite for high-quality logistics assets in key US hubs, reflecting a strong conviction in the sector's long-term fundamentals. The inclusion of Amazon.com Inc. as a tenant is a critical detail, highlighting the blue-chip quality of the portfolio and the associated stability of cash flows, a primary objective for pension funds. This move by a major foreign institutional player signals confidence in the valuation and resilience of the US industrial real estate market, particularly for assets integral to the e-commerce supply chain.
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