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Pellicano woos funds for $190m industrial portfolio

Australian Financial Review
09 March 2022
Nick Lenaghan | Property Editor

Private developer Pellicano is looking to sell down a 50 per cent interest in a portfolio of industrial real estate in Melbourne’s south-east, a stake that could fetch $190 million or more, tapping institutional appetite for logistics assets.

The bulk of the portfolio is made up of properties at Pellicano’s M2 Industrial Estate in Dandenong South, which, along with a stand-alone asset on Blackburn Road in Notting Hill, represents about 15 per cent of the family-owned company’s industrial holdings.

A Grays warehouse is part of the Pellicano portfolio

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