ESR buys 11 Propertylink investments for $302.5m

ESR Australia is buying out one of its managed funds – the Propertylink Australian Industrial Partnership II (PAIP II) – for $302.5 million. The deal will see 11 east coast assets transferred to another ESR Australia trust, ESR Australia Logistics Partnership (EALP): 12A Rodborough Road, Frenchs Forest, NSW 98 Kurrajong Avenue, Mount Druitt, NSW 2

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LWHP pays $353m for six Bunnings investments

Charter Hall managed Long WALE Hardware Partnership (LWHP) – which includes Telstra Super and VFMC as partners – has paid $353 million for a portfolio of six metropolitan Bunnings stores. Five are in the east coast capitals of Sydney (Bonnyrig and Caringbah), Melbourne (West Footscray) and Brisbane (Underwood and Virginia). The other is in Adelaide’s

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Centuria spends $171.1m on cold storage portfolio

Centuria Industrial REIT (CIP) has spent $171.1 million on three Australian east coast cold storage investments. The deal is being struck on a blended 5.62 per cent yield. All properties are occupied, to either national or international businesses. One of them was acquired as a leaseback. The portfolio’s Weighted Average Lease Expiry is 6.4 years.

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CSL backed vaccine maker Seqirus pre-commits to landmark Melbourne Airport shed

Melbourne Airport Corporation has pre-committed CSL-backed cell-based vaccine and antivenom manufacturing group Seqirus to what will be one of Australia’s largest industrial properties – nearly 1.5 times the size of Rialto Towers. The key factor for the tenant was location – specifically, the ability it will provide to quickly fly out supplies all day every

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Pace lists North Melbourne supersite including ex-Chubb HQ

Pace Development Group is selling adjoining North Melbourne properties including the former Chubb Security headquarters on Racecourse Road abutting a Citylink onramp. The amalgamated holding spreads 1.3 hectares. One component – covering 6515 square metres – comes permit ready for two apartment complexes of 11 levels, which would be the tallest in the precinct. Pace

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Marsh assigns DTF lease at Charter Hall’s 570 Bourke Street

The Victorian government’s Department of Treasury and Finance has taken over a six year lease from multinational Jardine Lloyd Thompson at Charter Hall’s 570 Bourke Street. The 2757 square metre space is A-grade and fitted. It was offered by Marsh, which relocated the insurance business to its Docklands headquarters after consolidating two years ago. CBRE’s

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New Centuria fund settles on three short stay healthcare investments worth $115m

Centuria Healthcare has spent $115 million on three short-stay medical centres anchored to Nexus Hospitals for its newly launched Centuria Healthcare Property Fund – which is set to pay its first distribution on Tuesday. In the most valuable deal, it outlaid $55.5m for the Bloomfield Medical Centre in Orange, about 260 kilometres west of Sydney.

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