Cadence Secures St Mary's Intermodal Terminal in Partnership with PGIM Real Estate

19.05.2025
Announcements

We’re pleased to announce the acquisition of the St Mary’s Intermodal Terminal in partnership with PGIM Real Estate.

This $145 million transaction marks Cadence’s first collaboration with PGIM and highlights both parties capabilities in managing complex, infrastructure-aligned industrial investments.

Strategically located in Western Sydney, the property is a rare, freight and logistics asset with direct rail access to Port Botany. Located approximately 47 km west of Sydney’s CBD, the terminal sits within the core western industrial precinct, a key logistics corridor.

We’re excited to be partnering with ACFS Port Logistics, one of Australia’s largest privately owned container logistics operators, in agreeing a new 20 year lease which includes an immediate 20,000sqm container hardstand expansion to meet the growing demand for efficient, scalable and sustainable freight solutions for Greater Sydney.

A big thank you to our partners at PGIM Real Estate and ACFS Port Logistics – we’re looking forward to delivering on the full potential of this asset and unlocking long term value for the region. We would also like to thank Pacific National and CBRE who were great to work with on this exciting investment for Cadence.

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