Goldman Sachs Group’s (GS.N), opens new tab alternative investments platform said on Tuesday it bought seven logistics-focused properties across Australia to scale up its real estate portfolio.
These “last-mile” properties are located along urban highways in Adelaide, Brisbane, Perth and Melbourne and are leased to e-commerce, transport and wholesale distributors, Goldman Sachs Alternatives said.
Last-mile logistics assets are usually properties such as warehouses located exclusively in urban locations that enable final processing of deliveries before they reach the end-user.
Source: REUTER
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