Blackfox snares $36m warehouse
Blackfox Property has added another Perth industrial asset to its portfolio.
The Sydney-based investment house founded by Marc Schwartz has paid $35.95 million for 146 Maddington Road, Maddington.
CapPru – or Capital Presidential – was the seller.
It also developed the 15,370 square metre office/warehouse two years ago.
The sale reflect a 6.42 per cent net passing yield.
The market yield is 7.03pc.
Blackfox builds portfolio
On 3.14 hectares, the Maddington property is leased to ASX-listed gold producer Westgold Resources and logistics operator EWE Global Logistics.
The weighted average lease expiry is 6.5 years.
The deal comes 14 months since realestatesource.com.au reported Blackfox bought a Landsdale industrial investment with a leaseback from transport operator Kelsian Group (continues below).
That outlay was $7.38m.
Outside of Western Australia the group has recently bought a warehouse in Newcastle (for $34.25m) and two Toowoomba retail assets ($27m).
Colliers’ Sean Thomson and Gavin Bishop with Cushman and Wakefield’s Nick Goodridge and Tony Iuliano marketed 146 Maddington Rd.
Power giant leases Dexus warehouse
Meanwhile, Magellan Power has leased a warehouse built speculatively by Dexus.
The battery and systems manufacturer will occupy 4785 square metres – warehouse 2A and 21 Pilatus Street, Jandakot.
The asset forms part of the Ascend Industrial Estate.
Cushman & Wakefield’s Andrew Fife was the agent.
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