AsheMorgan flips industrial investment
AsheMorgan has sold one of three properties acquired as a portfolio early last year from CapitaLand.
An occupier bought 77 Logistics Place, Larapinta, following an expressions of interest campaign.
The result is as yet unknown, but believed to be a premium.
AsheMorgan paid $27.84m – a 6.4 per cent passing yield, with a lease expiring to McPhee Distribution Servies in mid-2028.
On 2.55 hectares, also exposed to Logan Motorway, near a Woolworths distribution centre, it contains 13,886 square metres.
There are also 146 at-grade car parks.
CBRE’s Matthew Frazer-Ryan, Chris O’Brien, Andrew Bell and Peter Turnbull with Colliers’ Gavin Bishop, Sean Thomson, David Brisk and Nick Evans were the agents.
Larapinta is about 30 kilometres south of Brisbane’s CBD.
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