SYDNEY
Hale, a vertically integrated Australian logistics manager and developer with A$3.3 billion in AUM[1] , today announced the closing of approximately A$750 million in new equity commitments, marking the successful capital raise of the firm’s two flagship investment vehicles, HCLF2 and HCILF2.
The commitments were secured from a consortium of three global institutional investors, including Oxford Properties and Warburg Pincus, both having re-committed to this fundraising series after serving as cornerstone investors for Hale’s inaugural vintages. The fundraise also welcomes an additional leading institutional investor, with an established global track record in logistics investing, as a new partner for this series.
The new capital will be deployed across Hale’s two primary strategies:
- An opportunistic fund focused on development of modern and last-mile logistics facilities in supply-constrained urban markets;
- A value-add/core plus vehicle targeting high-quality income-producing assets and repositioning strategies.
This dual-track raise positions Hale to immediately capitalise on current market dislocations and structural shifts in the Australian logistics market, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. Infill industrial vacancy across key east coast markets remains near historic lows, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.
Robert McMickan, Joint Managing Director and Co-founder, Hale, remarked: “Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform. We are particularly grateful for the continued support from Warburg Pincus and Oxford Properties. Having cornerstoned our first vintage, their decision to re-commit to this second series is a strong endorsement of our execution capabilities and track record. Welcoming a pre-eminent global investor as a new partner further underscores our ability to deliver outperformance across the risk spectrum. This capital will allow us to scale with discipline during a pivotal moment in the real estate cycle.”
Alec Harper, Head of Australia, Oxford Properties, commented: “Oxford’s re-commitment is testament to our deep conviction in the Australian infill logistics sector, and Hale’s world-class management team and platform. Since our cornerstone investment in Hale’s inaugural vintages, the team has successfully executed against strategy, building out one of Australia’s premier last-mile logistics portfolios, and an impressive track-record across the full asset lifecycle. Today’s announcement signifies continued momentum for our like-minded partnership, as Oxford continues to enhance our leading global logistics portfolio.”
Andrew Fitzpatrick, Managing Director, Warburg Pincus, said: “Hale has quickly established itself as a leading infill logistics platform in Australia. Since our partnership began in 2021, the team has demonstrated strong execution, disciplined underwriting, and differentiated origination in supply-constrained urban markets. Our re-commitment reflects our conviction in the long-term growth opportunities in the supply constrained segments of the Australian logistics market and our confidence in Hale’s vertically integrated platform and its ability to consistently deliver across single- and multi-level logistics, cold storage, and industrial outdoor storage. We look forward to continuing to scale the platform alongside Rob, Nick and their exceptional team.”
[1] Assets Under Management (AUM) represents the total Gross Asset Value (GAV) of all real estate assets managed by Hale. AUM is calculated on a stabilised basis, reflecting the estimated market value of properties assuming normalised occupancy and market-standard operating expenses.