Oxford Properties Group, Warburg Pincus Anchor A$750M Industrial Real Estate Fundraise for Hale's Second Logistics Fund Series

SYDNEY — Hale, a Sydney-based vertically integrated logistics manager and developer, announced March 10, 2026, the closing of approximately A$750 million in new equity commitments across two flagship investment vehicles, HCLF2 and HCILF2, with Oxford Properties Group and Warburg Pincus serving as cornerstone investors for the second consecutive fundraising series.

The capital raise draws commitments from a consortium of three global institutional investors. Oxford Properties Group and Warburg Pincus both re-committed after anchoring Hale's inaugural fund vintages, while an additional institutional investor with an established global track record in logistics investing joined as a new partner. The firm did not publicly identify the third investor. Hale currently manages A$3.3 billion in assets under management.

Dual-Strategy Approach to Australian Industrial Real Estate

The new capital will be deployed across two distinct strategies. HCLF2 is structured as an opportunistic fund focused on the development of modern and last-mile logistics facilities in supply-constrained urban markets. HCILF2 is a value-add and core-plus vehicle targeting high-quality income-producing assets and repositioning strategies.

Robert McMickan, Joint Managing Director and Co-founder of Hale, described the raise as a significant milestone for the firm. "Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform," McMickan said. "We are particularly grateful for the continued support from Warburg Pincus and Oxford Properties. Having cornerstoned our first vintage, their decision to re-commit to this second series is a strong endorsement of our execution capabilities and track record. Welcoming a pre-eminent global investor as a new partner further underscores our ability to deliver outperformance across the risk spectrum. This capital will allow us to scale with discipline during a pivotal moment in the real estate cycle."

Oxford Properties Group Reaffirms Australian Logistics Conviction

For Oxford Properties Group, the re-commitment reflects a continued strategic emphasis on infill logistics as part of its broader global real estate portfolio. Alec Harper, Head of Australia at Oxford Properties, cited Hale's execution track record as central to the decision.

"Oxford's re-commitment is testament to our deep conviction in the Australian infill logistics sector, and Hale's world-class management team and platform," Harper said. "Since our cornerstone investment in Hale's inaugural vintages, the team has successfully executed against strategy, building out one of Australia's premier last-mile logistics portfolios, and an impressive track-record across the full asset lifecycle. Today's announcement signifies continued momentum for our like-minded partnership, as Oxford continues to enhance our leading global logistics portfolio."

Warburg Pincus Cites Supply-Constrained Market Fundamentals

Warburg Pincus, which first partnered with Hale in 2021, also re-committed to the second series, pointing to structural supply constraints in Australian urban logistics markets as a key driver.

"Hale has quickly established itself as a leading infill logistics platform in Australia," said Andrew Fitzpatrick, Managing Director at Warburg Pincus. "Since our partnership began in 2021, the team has demonstrated strong execution, disciplined underwriting, and differentiated origination in supply-constrained urban markets. Our re-commitment reflects our conviction in the long-term growth opportunities in the supply constrained segments of the Australian logistics market and our confidence in Hale's vertically integrated platform and its ability to consistently deliver across single- and multi-level logistics, cold storage, and industrial outdoor storage. We look forward to continuing to scale the platform alongside Rob, Nick and their exceptional team."

Market Conditions Supporting Industrial Real Estate Investment

The fundraise comes amid persistent supply shortages across Australian infill industrial and logistics markets. Infill industrial vacancy across key east coast markets remains near historic lows, according to the announcement, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.

Hale identified several structural demand drivers underpinning the raise, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. The firm said the dual-track fund structure positions it to capitalize on current market dislocations as well as longer-term sector tailwinds.

Hale describes its platform as vertically integrated, spanning capabilities across single- and multi-level logistics, cold storage, and industrial outdoor storage. The closing of HCLF2 and HCILF2 represents the firm's second vintage fundraising series, following an inaugural round also anchored by Oxford Properties Group and Warburg Pincus.