Rest Super and US global investment manager Barings have struck the first major industrial portfolio deal of the year, after agreeing to pay $780 million for a collection of assets offloaded by Goodman Group that includes tenants such as Amazon and Metcash.

The acquisition of 12 assets spread across 70 hectares in Sydney and Melbourne comes while other portfolio offerings remain unsold, as vendors and buyers disagree over valuations following increased interest rates and bond yields.