Aliro, Goodman trade two industrial investments
Aliro Group has picked up two west Sydney industrial investments from Goodman.
The deal includes at Pemulwuy, also marketed as Greystanes Park East and Prospect, a Laminex backed facility at 2 Foundation Place, highly exposed to the Prospect Highway.
The second asset, 77-79 Roberts Road, Greenacre, covers 4.65 hectares in the Roberts Distribution Centre.
Goodman acquired the office/warehouse from Telstra in 1993, outlaying $11.5m.
The properties will now be held by the Aliro Group Industrial Vehicle.
“The estates are fully leased with income underpinned by blue chip national and international tenant covenants, with embedded value creation opportunities,” a statement from the buyer said (continues below).
“The transaction takes AGIV’s portfolio to $2.4 billion (value on completion), materially advancing its strategy to re weight the portfolio toward Sydney,” it added.
“It further reflects continued institutional conviction in infill industrial real estate, where structural supply constraints and long-term demand drivers remain firmly in place,” it said.
The deals were brokered off-market.
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