New Inala industrial investment collects $21.25m from Mapletree

Singapore’s Mapletree Logistics Trust is paying $21.25 million for a new Brisbane industrial investment adjacent to Queensland Police Academy. The 1.9 hectare corner site at 115 Rudd Street, Inala, accommodates a 9050 sqm office/warehouse occupied by Decina Bathroomware as its national headquarters. The tenant – an international business which makes signature baths – moved into

Read more

Allianz, Charter Hall pay Aldi $648m for logistics portfolio

Allianz Real Estate, on behalf of several of its group companies, with Charter Hall Group managed Charter Hall Prime Industrial Fund (CPIF), is paying Aldi $648 million for a portfolio of four purpose-built distribution centres on Australia’s east coast. Based on the combined total annual income ($30.1m) the passing yield is 4.6 per cent. All

Read more