EQT Exeter Real Estate Income Trust (EQRT) has completed the acquisition of a prime industrial site in Torrance, California, for $51.5 million. The 76,007 square-foot facility is situated on a 9.6-acre plot within the highly sought-after South Bay submarket of Los Angeles. Currently fully leased to a Fortune 50 food and beverage giant, the property serves as a vital link for regional and last-mile distribution.
An institutional buyer has secured a major logistics hub in North Las Vegas as JLL Capital Markets oversaw the sale of a DHL distribution centre. The facility spans 339,257 square feet and represents a high-quality Class A industrial asset. Located at 3950 Alto Avenue, the site is fully occupied by DHL Supply Chain (USA) and serves as a vital link for deliveries across the Western United States.
Investment firms Gaw Capital Partners and GFH Partners have teamed up to create a dedicated industrial and logistics platform in the UAE. The majority-owned venture by Gaw Capital will target development projects in key industrial zones across Dubai, Abu Dhabi and Ras Al Khaimah. Manrre Developments is set to lead the project execution, drawing on over 40 years of local experience.
Mah Sing Group Berhad and KLK Land have confirmed a major joint venture to develop a new industrial hub in Johor, Malaysia. The partners will transform 419.15 acres of freehold land in Kulai into the MS Industrial Park @ Kulai, a project with an estimated gross development value of RM2.26 billion. Mah Sing will hold a 60% stake in the venture and lead the development, while KLK Land retains 40%.
The Illinois Economic Development Corporation and Ameren Illinois have launched a new pilot scheme called the Ameren Site Acceleration Program. This initiative aims to speed up the preparation of development-ready land across central and southern Illinois. By focusing on three specific sites in Champaign, Decatur, and Ottawa, the partners hope to attract major corporate investments and industrial expansions.
Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
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