C Capital, a private asset management firm in the Asia-Pacific region, has announced the purchase of a large 507-hectare parcel of land in Victoria, Australia.
The land is located in Beveridge, within Victoria’s planned Northern Freight Precinct. This area is an important link to the Inland Rail project and is expected to improve freight and logistics across Melbourne.
The investment is supported by strong demand in Victoria’s industrial and logistics market. Well-located industrial spaces are in high demand, while supply remains limited and vacancy rates stay below 4%.
The Beveridge site is one of the last large land parcels available in the Northern Freight Precinct, making it a valuable opportunity for future logistics, industrial, and data centre development.
C Capital has partnered with Lendlease, a well-known Australian real estate and infrastructure company, to lead the project’s development. This partnership is an important step in C Capital’s long-term plans for Australia.
Once the project is completed, the developed land is expected to be worth around A$4.5 billion and will include logistics, industrial, and data centre facilities.
This investment is C Capital’s first major infrastructure-focused project in Australia. It shows the company’s plan to grow its real assets and infrastructure investments alongside its existing investment platform across Asia.
Ben Cheng, CEO of C Capital, said “This investment reflects C Capital’s long-term conviction in Australia as a core market within our pan-Asia strategy. As we continue to build a diversified private markets platform, we are focused on deploying patient capital into assets aligned with long-term economic and infrastructure growth. Partnering with experienced local operators such as Lendlease is central to how we scale our presence and create sustainable value over time.”
Seil Kim, Partner and Co-Head of Australia, C Capital said “This investment represents a significant step in the build-out of our Australian platform and reflects our confidence in the long-term fundamentals of Victoria’s industrial and logistics market. The scale and strategic location of the Beveridge site provide a rare opportunity to develop infrastructure-linked assets at an institutional scale. Working with Lendlease as Master Development Partner positions us well to progress rezoning and unlock long-term value through disciplined execution.”
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