Hale Secures ~A$750 Million for Second Vintage Logistics Series Backed by Global Institutional InvestorsMar 10, 2026

• Second vintage anchored by Warburg Pincus and Oxford Properties, with a leading institutional investor joining as a new partner

• Capital to be deployed across opportunistic development and core-plus/value-add strategies, targeting supply-constrained infill logistics markets across Australia

Sydney, Australia, March 10, 2026 - Hale, a vertically integrated Australian logistics manager and developer with A$3.3 billion in AUM[1], today announced the closing of approximately A$750 million in new equity commitments, marking the successful capital raise of the firm's two flagship investment vehicles, HCLF2 and HCILF2.

The commitments were secured from a consortium of three global institutional investors, including Warburg Pincus and Oxford Properties, both of which have re-committed to this fundraising series after serving as cornerstone investors for Hale's inaugural vintages. Hale is also pleased to welcome one of the world's leading institutional investors, with an established global track record in logistics investing, as a new partner for this series.

The new capital will be deployed across Hale's two primary strategies:

• An opportunistic fund focused on development of modern and last-mile logistics facilities in supply-constrained urban markets;
• A value-add/core plus vehicle targeting high-quality income-producing assets and repositioning strategies.

This dual-track raise positions Hale to immediately capitalise on current market dislocations and structural shifts in the Australian logistics market, including urbanization, population growth, infrastructure investment, and continued e-commerce penetration. Infill industrial vacancy across key east coast markets remains near historic lows, while limited land supply in inner-ring locations continues to support rental growth and redevelopment opportunities.

With partners including Warburg Pincus, Oxford Properties, and a major global investor, Hale combines global insights with local expertise to source, execute, and manage complex, large-scale transactions.

Robert McMickan, Joint Managing Director and Co-founder, Hale:

"Securing these commitments from high-calibre institutional partners marks a transformative milestone for Hale, reflecting deep institutional conviction in our strategy and platform. 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."

Andrew Fitzpatrick, Managing Director, Warburg Pincus, said:

"Hale has quickly established itself as a leading infill logistics platform in Australia. 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."

Alec Harper, Head of Australia, Oxford Properties, commented:

"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. 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."

About Hale

Founded by Robert McMickan and Nicholas Bradley in 2021, Hale has rapidly grown into one of Australia's leading logistics-focused fund managers and developers, managing A$3.3 billion[1] in assets on behalf of 7 institutional clients. The platform spans single- and multi-level logistics, cold storage, and industrial outdoor storage.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

About Oxford Properties Group

Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$86 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit https://www.oxfordproperties.com.

[1] Assets Under Management (AUM) represents the total Gross Asset Value (GAV) of all real estate assets managed by Hale. AUM is calculated on a stabilised basis, reflecting the estimated market value of properties assuming normalised occupancy and market-standard operating expenses.

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