Hale snaps up another Brisbane industrial estate
Dexus has sold a major south Brisbane industrial estate after over two decades.
The 3.46 hectare holding with c17,000 square metres of improvements at 30 Bellrick Street, Acacia Ridge, found favour with Hale Capital – also headquartered in Sydney.
The off-market deal was worth $30.2 million.
JLL’s Shaun Canniffe, Sam Stewart, Ben Hegerty, Joe Scully were the agents.
Acacia Ridge is about 15 kilometres from the CBD.
The deal comes seven months since we covered Hale paying Goodman $28m for the Banyo Industrial Estate, 12 km north of town.
Also today we are reporting the group with Pincus Warburg and Oxford Properties secured a $205m loan from Nuveen to develop a multi-storey warehouse investment in Sydney’s west Rosehill.
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