Aware Super, Goodman Group Launch $1.3B U.S. Logistics Platform

Two Australian titans have joined forces on a $1.3 billion logistics real estate platform that is leased to heavyweight tenants like Amazon.

Aware Super, one of Australia’s largest pension fund managers, bought a 49 percent stake in the venture with Goodman Group, a global industrial and infrastructure developer. The firms will target “undersupplied” infill industrial markets within the U.S. The exact financial contribution of each firm was not disclosed.

Three assets currently comprise the $1.3 billion platform, all in Southern California totaling nearly 2.8 million square feet. They include Goodman Commerce Center Long Beach, at 2401 East Wardlow Road, Goodman Commerce Center Los Angeles, at 4841 West San Fernando, and Goodman Gateway Santa Fe Springs, which makes up two contiguous properties at 12801 Excelsior Drive and 14420 Bloomfield Avenue.  

The properties are currently leased by the likes of Amazon, Maersk and Relativity Space. Relativity Space in 2021, for example, inked a roughly 1 million-square-foot lease at Goodman Commerce Center Long Beach. 

“Our U.S. business represents over 37 percent of Goodman Group’s offshore earnings and is an increasingly important part of our global investment strategy,” Gregory Goodman, Goodman Group’s CEO, said in a statement. “Alongside our long-standing investment partner, Aware Super, we see significant growth opportunities in our key U.S. infill markets to support the development of essential infrastructure in a rapidly transforming digital economy.”

Goodman controls several industrial platforms and portfolios across the U.S., including one it splits with Norges Bank Investment Management. The investment arm of the Norwegian bank in early 2025 paid $1.07 billion for a 45 percent stake in a 48-building logistics stable, most of which is in Southern California. 

Aware Super has a more diverse U.S. investment strategy. Last summer, the pension manager, along with development partner Lendlease, secured a $316 million construction loan forHabitat, a 454,000-square-foot, mixed-use district in Culver City. In late 2022, the Aware Super and Lendlease JV landed a $360 million loan for a 36-story, 834-unit multifamily development in Brooklyn. 

“Through deliberate sequencing we’re establishing our reputation and presence as a global asset owner,” Alek Misev, Aware Super’s head of property, said in reference to its new logistics platform with Goodman. 

Nick Trombola can be reached at ntrombola@commercialobserver.com.