GPT Group's Charlestown Square (Photo: GPT Group)GPT Group's Charlestown Square (Photo: GPT Group)

Australian REIT GPT Group and QuadReal Property Group have announced a new AUD1 billion logistics joint venture.

The partnership, named GPT QuadReal Logistics Trust 2 (GQLT2), will be seeded with approximately AUD460 million in stabilised logistics assets primarily located on the Australian east coast urban infill and middle ring locations.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.