Cabot Properties, a leading global investor, developer, and operator of logistics real estate, has acquired a newly built logistics facility at 42-52 Raymond Avenue, Matraville, in South Sydney for A$137.6 million (USD $91.8 million). The 19,819-square-meter (213,330-square-foot) facility was purchased from LaSalle Investment Management, marking Cabot’s first acquisition in Sydney and aligning with its strategy to invest in prime logistics markets worldwide.
The property is one of the first institutional-grade, multi-story logistics developments in Australia. It features four units ranging from 4,640 to 5,109 square meters (49,945 to 54,993 square feet), one of which is leased to a local roofing supplier. Built to Four Star Green Star standards, the facility includes sustainability features such as a 300kW solar PV system, energy monitoring, rainwater recycling, and an EV charging station.
Sally Box, Managing Director of Investments, Asia Pacific at Cabot Properties, expressed enthusiasm for expanding the company’s footprint in Australia, highlighting the efficiency of multi-story warehouses in maximizing land use and boosting distribution capacity.
Located in one of Sydney’s most land-constrained industrial submarkets, the property provides easy access to key transport routes, including the Eastern Distributor, Southern Cross Drive, M5, and WestConnex M8 motorways. It is also close to Sydney Airport and Port Botany, ensuring strong connectivity to international markets.
The facility was developed by LaSalle Investment Management, Hale Capital as Development Partner, and Vaughan Constructions as the builder. The transaction was managed by Colliers International’s Gavin Bishop, Sean Thomson, Michael Crombie, and Trent Gallagher through an Expressions of Interest campaign.
About Cabot Properties
Cabot Properties is an international private equity real estate firm focused on the logistics sector. Founded in 1986, Cabot was one of the first real estate firms to provide institutional investors with access to the industrial property sector and has invested over $15 billion in logistics real estate, served over 4,200 tenants, and operated over 1,600 buildings totaling more than 230 million square feet. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, Amsterdam, London, Sydney, Munich, and Tokyo.
