Australian Logistics & Industrial Capital Markets Outlook 2025

CUSHMAN & WAKEFIELD | 37

2025 L&I CAPITAL MARKETS SURVEY 2025 L&I CAPITAL MARKETS SURVEY Survey Charts Preferred L&I Investment Locations for 2025

2025 Prefe 2025 Preferre

Preferred L&I Investment Locations for 2025

20% 30% 40% 50% 60% 70% 80%

Developmen

Development

Value Ad

Value Add

Core Plu

Core Plus

Core

Cor

0

0% 10%

Very inter Very interest

Brisbane Brisbane

Melbourne

Perth

Adelaide

Sydney

Melbourne

Perth

Adelaide

Note: Based on top 3 responses Note: Based on top 3 responses

2025 Capital Deployment Intentions 2025 Capital Deployment Intentions 2025 Capital Deployment Intentions

2025 Prici 2025 Pricing

Developer High Net Worth Individual/Family O—ce Other Private Equity REIT Sovereign Wealth Fund Super Fund Syndicate Unlisted Fund Developer High Net Worth Individual/Family O—ce Other Private Equity REIT Sovereign Wealth Fund Super Fund Syndicate Unlisted Fund

97%

97%

67%

67%

100%

100%

25-50 25-50 bas

88%

88%

100% 100%

100% 100%

25-50 ba 25-50 basis

67%

67% 57%

0-25 0-25 bas

57%

100%

100%

0-25 ba 0-25 basis

0% 20% 40% 60% 80% 100% 0% 20% 40% 60% 80% 100%

No intentions to buy Unsure at this stage Intend to buy No intentions to buy Unsure at this stage Intend to buy

2025 Preferred Risk Profiles Cushman & Wakefield Cushman & Wakefield 2025 Preferred Risk Profiles

Source: Cushman & Wakefield Research Source: Cushman & Wakefield Research

Development

18%

17%

26%

Value Add

39%

25%

24%

Core Plus

53%

36%

9%

Core

58%

14%

13%

0%

20%

40%

60%

80%

100%

Very interested Somewhat interested Neutral

Not very interested Not interested at all

delaide

Source: Cushman & Wakefield Research

2025 Pricing Outlook

Remain the same

17%