C Capital has announced the acquisition of a 507-hectare strategic landholding in Victoria, marking a major logistics and freight-linked investment within the state’s Northern Freight Precinct.
The landholding is located in Beveridge, one of Victoria’s key connections to the Inland Rail project, and is positioned to support future freight, logistics, industrial and data centre development. The Northern Freight Precinct has been identified as a long-term hub for freight and industrial activity supporting metropolitan Melbourne and interstate supply chains.
C Capital, an APAC private asset manager, has appointed Lendlease as Master Development Partner for the project. Lendlease will act on behalf of C Capital to progress rezoning and infrastructure enablement to support staged development over time.
Upon completion, the developed land is expected to have an estimated end value of approximately A$4.5 billion, spanning logistics, industrial and data centre assets.
Ben Cheng, CEO of C Capital, says the investment reflects the firm’s long-term focus on infrastructure-linked assets in Australia.
“This investment reflects C Capital’s long-term conviction in Australia as a core market within our pan-Asia strategy,” Cheng says. “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.”
Seil Kim, Partner and Co-Head of Australia at C Capital, says the scale and location of the Beveridge site were central to the investment.
“The scale and strategic location of the Beveridge site provide a rare opportunity to develop infrastructure-linked assets at institutional scale,” Kim says. “Working with Lendlease as Master Development Partner positions us well to progress rezoning and unlock long-term value through disciplined execution.”
The acquisition represents C Capital’s first large-scale infrastructure-focused investment in Australia following its acquisition of Richmond Funds Management in February 2025. The firm says the project is expected to contribute to the continued growth of Victoria’s freight and industrial ecosystem.
