Australian pension fund buys Sydney airport site to build $2.5b logistics hub

Australian pension fund buys Sydney airport site to build $2.5b logistics hub

Sydney, Australia. Photo by Liam Pozz on Unsplash

Australian pension fund UniSuper said on Wednesday it had bought an undeveloped site next to Sydney’s planned new international airport to develop a logistic hub worth around A$3.9 billion ($2.5 billion), its second major property deal in three weeks.