Robin Khuda’s Onterra snares another warehouse
Robin Khuda’s investment vehicle Onterra has bought an office/warehouse from AsheMorgan.
The 2.2 hectare asset, 62 Sandstone Place, Parkinson – part of the Southlink Business Park – cost $27.3 million.
Leased to Fujifilm, it contains a 9260 square metre temperature-controlled distribution centre, office, workshop, and 175 car parks.
There are also two crossovers.
AsheMorgan paid $17.96m in March, 2024.
That seller was Singapore listed CapitaLand Ascendas REIT Management which also sold 92 Sandstone Pl within Southlink.
Onterra invests again
Since selling his Airtrunk data centre business to Blackstone and the Canada Pension Plan Investment Board in 2023 – banking a speculated $670m from the $24 billion deal – Mr Khuda has built two property portfolios, for Onterra, which holds investments for a family office, and Ondas, which builds (continues below).
In December we reported Onterra outlaid c$54.5m for two Melbourne industrial investments with development upside, at Mulgrave and Spotswood.
Not long earlier, it acquired a Leppington, Sydney, quick service retail investment with a childcare centre and gym.
That investment set it back $20.5m from Isaac Property Group.
Ondas meanwhile has snapped up apartment development sites, including two in Sydney’s Mosman.
Colliers’ Gavin Bishop, Nick Evans, Levi Maxwell and Jacob Griffin brokered the Parkinson deal off-market.
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