JLL Capital Markets announced it had arranged a $43.27 million floating-rate construction loan for 5400 South, a three-building industrial warehouse development in West Valley City, Utah. The project, totalling 470,334 square feet, is being developed by ViaWest Group and GEM Realty Capital. The scheme will offer flexible units from 19,500 to 218,499 square feet, with features including 32 to 36-foot clear heights and 110 dock-high doors.
Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have secured a key urban logistics development site in the London Borough of Greenwich. The 2.6-acre brownfield site on Nathan Way has a GDV of £30 million. This deal marks the first collaboration between the two firms. Verdion will act as the developer, creating 78,987 sq ft of new floorspace across six small to mid-box units.
H.E. Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistic Services, has inaugurated the Agility Logistics Park – Jeddah. This massive project represents a SAR 611 million private-sector investment by Agility Logistics Parks (ALP). The complex spans over 576,760 sqm and includes six Grade-A warehouses built to high international standards. Strategically located near Jeddah Islamic Port, the park is designed to serve high-growth sectors including e-commerce, retail, and technology.
Aldar has finalised a deal with AD Ports Group to acquire two institutional-grade logistics assets in KEZAD for AED 570 million. The transaction significantly expands Aldar’s industrial and logistics footprint across the UAE. The acquired Grade A facilities are fully leased to Noon and Emtelle. The assets benefit from direct connectivity to Khalifa Port and Etihad Rail. This acquisition aligns with Aldar’s strategy to scale its recurring income platform.
Maersk has officially opened its largest contract logistics facility in Asia Pacific, the Maersk Mega Distribution Centre (DC), which substantially increases its warehouse capacity in Malaysia. The facility spans nearly 180,000 square metres and offers 100,000 pallet positions for multi-client use, handling commodities like consumer goods and apparel. The site features state-of-the-art automation systems, including Autonomous Mobile Robots and an Automated Storage and Retrieval System, to ensure fast, accurate order fulfilment. The development aligns with Malaysia’s Logistics and Trade Facilitation Masterplan, aiming to establish the nation as the ‘Logistics Gateway to Asia’.
JLL Capital Markets has arranged $107 million in construction financing for ReDiscover Logistics Park, a new 808,448-square-foot industrial scheme in Phoenix. The loan, secured on behalf of ViaWest Group and Barings, will support development across four industrial buildings in the Deer Valley submarket. The site benefits from direct access to Loop 101 and Interstate 17 and proximity to the TSMC mega-plant.
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