Meta Pixel

News and Announcements

Sirona Capital to Develop Two New Sites After Securing $45m from Goldman Sachs

  • Published February 15, 2016 10:33AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

14th February 2016, The Australian Financial Review by Michael Bleby

Sirona Capital has secured a $45 million investment from Goldman Sachs to develop two sites on Perth’s northern edge as freight and logistics hubs.

The two sites, with a combined $1 billion cost over the next 20 years, will play a crucial role in alleviating the shortage of large-lot freight facilities in WA, Sirona head of private equity Kelvin Flynn said.

“It’s a logical step to move into the north,” Mr Flynn told The Australian Financial Review. “We’ve got a long-term hold-and-deliver philosophy.”

Sirona is also overseeing the $220 million Kings Square development in Fremantle.

The investment by the Goldman-owned Austreo Property Ventures into the so-called Northern Gateway project will help fund the development of a150-hectare site at Muchea as a heavy vehicle services hub supporting the resources and agricultural industries in the state’s north. It will also fund a separate development on 200ha at Bullsbrook, 32 kilometres north of the Perth CBD.

To read the full article, please click here.
Capital Insights
Where’s the beef? Blackstone just answered the AI question.

In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]

Company Updates
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation

For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]

Join over 45,000+ sophisticated investors

Join Now