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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Redcape outlays $38m for Dulwich Hill portfolio including Gladstone Hotel

Gladstone Hotel and neighbouring Local Liquor Superstore, with adjacent bottle shop Little Bottler – three separate Dulwich Hill holdings and liquor licenses – have sold to ASX listed Redcape for $38 million. The freehold going concern deal was finalised two weeks after JLL Hotels & Hospitality closed a select tender process. It is New South

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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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