Goldman Sachs' (GS.US) Alternative Investment unit has acquired seven Australian logistics properties to expand its real estate investment portfolio.

Goldman Sachs (GS.US) Alternative Investments has acquired seven logistics-focused properties in Australia to expand its real estate investment portfolio, the company said on Tuesday. The “last mile” properties, located along major highways in Adelaide, Brisbane, Perth and Melbourne, are leased to e-commerce, transportation and wholesale distributors, Goldman Sachs said, without disclosing financial details.

Since 2012, Goldman Sachs Alternative Investments has invested more than A$13bn (US$8.62bn) in Australia; since 2017, the company has invested A$6.2bn in industrial assets, office and commercial real estate and data centres.

Nikhil Reddy, head of real estate at Goldman Sachs Alternative Investments in Asia Pacific, said: “This investment underscores our ongoing commitment to Australia’s real estate, reflecting our belief in finding Australia’s ‘last mile’ logistics properties for investors.”