UniSuper, Fife trade Brisbane industrial investments
UniSuper has picked up three Brisbane industrial investments for a total $204.5 million.
From Alan Fife’s Fife Capital, the group is acquiring an Oxley business park across two addresses – 43 and 91 Rudd Street.
Completed in 2021, spreading 7.05 hectares, it contains five buildings.
Bridgestone Mining Solutions is a key occupier.
About 7430 square metres is for lease.
There are hardstand areas too offering development upside.
UniSuper is also acquiring a nearby Darra asset – 2508 Ipswich Road – with two buildings on 2.91ha.
The final asset, a development site at 104 Bandara Street, Richlands, spreads 2.02ha, permit-ready for improvements up to 10,820 sqm, in one tenancy (artist’s impression, top) or four (continues below).
UniSuper grows industrial portfolio
All up the new UniSuper properties contain 53,320 sqm.
Modus Property’s Jack Pershouse and David Gibson brokered the off-market deals.
Richmond Bridge acted for the buyer a mandate.
Led by Peter Wyllie, Richmond Bridge last year secured UniSuper, with ISPT, a 255ha industrial development site abutting Western Sydney Airport.
Meanwhile in 2023, UniSuper acquired a half stake in a 10 year old industrial fund. With 345,000 sqm in 20 buildings, it cost $560m.
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