Australian Logistics & Industrial Capital Markets Outlook 2025

CUSHMAN & WAKEFIELD | 19

AUSTRALIA SCREENS ATTRACTIVELY FOR GLOBAL CAPITAL, GIVEN SOLID BASELINE FUNDAMENTALS.

China $0.1 billion

Japan $0.5 billion

Offshore capital sources became increasingly varied in 2024, headlined by several new market entrants into the Australian L&I sector, led by capital out of Japan. In many cases, acquisitions made by domestic managers/fund managers (GP) are backed by offshore capital sources (LP). For the purpose of the following map, we have split out the underlying capital source. Outside of domestic capital in 2024, which was underpinned by super funds, the US represented the most dominant source of capital in the Australian L&I market. Notably, this includes acquisitions from or on behalf of Blackstone, Goldman Sachs, PGIM and EQT Exeter.

Taiwan $0.2 billion

Hong Kong $0.1 billion

Malaysia $0.5 billion

Singapore $0.5 billion

Australia $3.1 billion

AUSTRALIA L&I OUTLOOK 2025 10