Australian commercial property investment group Quanta Investment Funds has strengthened its growing portfolio with two strategic Queensland acquisitions totaling $20.75 million in just over one week.
Both of the single-asset, closed-ended trusts have been fully subscribed at record-breaking speeds, signaling investor confidence and demand for strategic assets.
Quanta’s investors showed overwhelming demand for the logistics property at 2-10 Titanium Drive, Paget (Mackay), with the asset fully subscribed within just 30-minutes.
The strategic 5,420 sqm transport and logistics cold storage facility is ideally located in the region’s premier industrial precinct of Paget – a tightly held and undersupplied market.
The 646-658 Ingham Road, Mount Louisa (Townsville) asset also attracted intense interest from Quanta’s network and was fully subscribed within 72 hours.
The massive 32,000 sqm site has a low site coverage of just 26%, presenting strong future development potential, and was secured at a competitive purchase price 50% below its estimated replacement cost.
Quanta Investment Funds CEO Stacey Jones said the hot demand for the properties from their network marks a significant milestone in both the company’s investment strategy, and Queensland’s industrial sector as a growth market.
“We know from conversations with investors that there is a strong appetite for high-quality industrial assets” Jones said.
“Our rapid capital raising for these assets underscores the confidence investors have in Quanta to source those assets with strong growth potential.”
The assets offer Quanta’s investors a WALE of 4.63 years and 6.6 years respectively, each with significant potential for both rental and capital upside.
Their desirability is further underpinned by 100% occupancies on long-term leases, notably bolstered by ASX-listed tenants including PFD Food Services – a subsidiary of ASX-listed Woolworths Group Ltd (WOW).
“We have every assurance these standout assets will continue to deliver sustainable, long-term returns to our investors,” Jones said.
“The highly defensive investments additionally offer strong average distributions of 8.75% and 9% respectively across a 5-year term,” she said.
Quanta’s management team will co-invest alongside its investor network, ensuring an alignment of interests in the Trust’s success.
The deals bring Quanta to four strategic acquisitions this financial year, alongside two additional Mackay assets – a $6.6M CBD office acquisition in October, and a second industrial asset in Paget for $16.7 million in September.
The growing portfolio underscores Quanta’s continued commitment to securing high-quality assets that deliver stable, long-term returns for investors.
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