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Elanor establishes JV to target prime logistics portfolio

Elanor and its new partner are targeting a $250m Australian logistics portfolio in Victoria

Elanor Investors Group has announced a new joint venture to target a $250m plus prime Australian logistics portfolio.

Elanor will join with ICON Developments for its first acquisition of a brownfield development opportunity located north of Melbourne.

“We’re pleased to announce the establishment of this joint venture with partner ICON Developments,” co-head of industrial at Elanor Investors Group Amneet Dari says.

“The joint venture creates the opportunity to programmatically build an industrial real estate portfolio with a pipeline to develop high quality industrial and logistics facilities in a supply constrained environment.”

The joint venture and logistics portfolio acquisition comes after Elanor recently appointed Dari and Myron Poobalasingam as co-heads of its industrial side.

With more than 25 years of experience and a strong track record, the pair will help Elanor expand into the logistics sector.

“We’re pleased to announce this institutional joint venture in the industrial and logistics real estate sector,” Elanor CEO Glenn Willis.

“We’re positive in regard to the growth prospects for our industrial division, leveraging the group’s scalable real estate funds management platform and investment track record.”

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