Charter Hall swoops on $300m Perth business park

Dexus recently acquired the Jandakot Airport and industrial assets around it.

Charter Hall is purchasing a half dozen industrial investments and another six under construction, within the ROE Highway Logistics Park, south east of Perth.

The 72 hectare Kenwick estate was established in 2019 by the vendor – a consortium comprising Gibb Group, Hesperia Group, led by Adrian Fini and Ben Lisle, and Andrew and Nicola Forrest’s Tattarang, via Fiveight.

CHEP, Direct Freight Express, Sandvik Mining and Rock Solutions and Silk Contract Logistics are amongst the tenants, however much of the property is undeveloped.

The landlords have been seeking occupiers for sites up to seven hectares.

CBRE’s Chris O’Brien launched an off-market sales campaign for the entire c$300m business park in the second quarter – sources say, initially seeking a suitor which would allow Hesperia to continue managing it.

Charter Hall is expected to hold its 12 assets in the Prime Office Fund and Direct Industrial Fund No 4 (story continues below).

ROE Highway Logistics Park

About 15 kilometres from the CBD, the ROE Highway Logistics Park has direct access to the Kenwick Freight Rail.

Mr Fini and Mr Lisle, via an entity then known as Linc Group, acquired the former farm making way for the estate in 2018.

The Charter Hall sale comes a year since Dexus and APN paid c$1.3 billion for Perth’s Jandakot Airport, and around it, 49 warehouses and c80ha of undeveloped industrial land. Jandakot is 16km south west of Kenwick.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of