On Oct 26, ARA LOGOS Logistics Trust (ALOG) announced the proposed acquisition of five logistics properties located at the Port of Brisbane, including a development asset on the corner of Heron Drive and Curlew Street (Heron properties), all for $225.9 million. ALOG also plans to acquire a 49.5% stake in New LAIVS Trust and 40% stake in Oxford Property Fund for $178.5 million. The two funds together own five logistics properties in New South Wales and Victoria. Altogether, including expenses, the acquisition will cost $441.2 million.

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