Treasury Wine Estate, DC
AM alpha sells modern logistics hub in Adelaide
The global family office AM alpha, which specialises in joint real estate investments with private and institutional investors, has sold a strategically located logistics centre in Adelaide to a domestic institutional fund manager. "We are pleased to have successfully closed the investment through our team in Singapore," says Martin Lemke, Managing Director of AM alpha. "We will continue to offer our clients attractive investment opportunities in the Asia-Pacific region in the future."
The logistics centre, which is about 45,000 sqm in size and consists of two buildings, is located in Penfield on the northern outskirts of Adelaide. The property is fully let to ASX-listed Treasury Wine Estates, which uses the property as its national distribution hub.
"High-quality logistics properties with solid leases directly connected to major transport infrastructure are very limited in Australia. They will therefore always be very much sought after," says Martin Lemke. "We successfully unlocked and acquired this Adelaide logistics centre in 2021 in an off-market transaction with excellent foresight, at a time when institutional capital was predominantly focused on logistics locations on Australia's east coast. With this well-timed divestment, not only do we realise attractive returns and value for our investors earlier on, we also present our investment partners the financial flexibility to invest with us in other exciting real estate projects in Australia."
AM alpha was advised by JLL as the sales agent and Realmont Property Partners who provided ongoing local support on the transaction
AM alpha is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and in collaboration with family offices, private clients and endowments in Europe and Asia. The company is represented in Europe in all major real estate markets with its own offices. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM alpha has also received all necessary licenses from German regulator BaFin acting as a German regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.
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