Australian rail company Pacific National is selling the St Mary’s Intermodal Terminal to PGIM Real Estate and Cadence Property for A$145 million (€82.9 million).
PGIM Real Estate and Cadence Property said they have agreed to acquire the last-mile logistics and infrastructure asset located at 2 Forrester Road, St Mary’s in Western Sydney.
The property comprising 157,669 square metres of land with a 95,940sqm gross lettable area, features a 1.5km rail spur as well as a 20,000 square metre hardstand expansion works expected to begin shortly.
Source: IPE Real Assets on 19 May 2025
https://realassets.ipe.com/news/pgim-and-cadence-to-buy-pacific-nationals-st-marys-terminal-for-a145m/10130610.article