Charter Hall confirms $192m in industrial deals
Charter Hall has confirmed the purchase of three Brisbane industrial investments for a total of $192.4 million.
The two priciest have been mooted by realestatesource.com.au:
- In June, it paid Stockland $74.5m on a funds-through basis for 108 Burman Road, Willawong – an Industrial Outdoor Storage investment pre-committed to PrixCar, and
- Last month, it snapped up an Australia Post distribution centre with a 10-year leaseback at 39 Gravel Pit Rd, Darra, spending $70.15m.
Today it confirmed the purchase of a distribution centre at 51 Peterkin Street, Acacia Ridge (pictured, top), for $47.75m.
On 2.4 hectares it contains 12,856 square metres.
Symbion, part of EBOS Group, offered it with a 15 year triple-net leaseback.
Ownership split
The Darra and Willawong properties have been acquired by Charter Hall Industrial Partnership 6 (IP6), a 50:50 joint venture between Charter Hall Prime Industrial Fund and a major domestic capital partner (continues below).
The Acacia Ridge (Symbion) asset has been acquired outright by CPIF on an initial yield of 5.65 per cent.
“These acquisitions provide exposure to high-quality assets leased to leading tenant customers operating critical infrastructure across the postal, healthcare and automotive sectors,” Charter Hall group CEO David Harrison said.
Industrial and Logistics CEO Richard Stacker added South East Queensland continued to benefit from population growth, freight infrastructure investment and demand from essential supply chain occupiers.
“South East Queensland continues to benefit from population growth, freight infrastructure investment and demand from essential supply chain occupiers,” according to the executive.
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