Dexus Paying More Than $200m For Industrial Property Portfolio

DEXUS Wholesale Property Fund is reportedly paying more than $200 million for a portfolio of industrial assets – the bulk of Colonial First State Global Asset Management’s portfolio, which was listed in June.

The investments include the Myer distribution complex in Melbourne’s Altona and the DHL facility in Eastern Creek, Sydney, according to the report.

All up 16 warehouses and two development sites were offered by CFS.

The disposal, expected to be announced in weeks, would reflect a yield of about 8.5 per cent according to the AFR.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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