Brookfield to acquire Sydney logistics facility for $140m
Wednesday, November 11, 2026 · first reported by IREI and 1 other
Goodman Group is selling a fully leased logistics facility in Prestons, southwest Sydney, to Brookfield for A$203.5m (€124m, per IPE Real Assets). Brookfield secured the price below replacement cost.
Colliers ran the sale process. BKC, Brookfield's operating partner on the asset, will also manage it. Ruban Kaneshamoorthy, co-head of real estate in Australia at Brookfield, said the purchase fits a focus on quality logistics assets in markets where industrial land is tightly held. Brookfield's Australian logistics platform has a completed value of about A$3bn.
- Firm
- Brookfield
- Also named
- Goodman Group
- Deal value
- $139M
- Asset class
- Real estate
- Geography
- Asia-Pacific
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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