Industrial

Joint venture partners Frasers Property Industrial and Aware Real Estate have commenced construction on the new Oceanian headquarters and production plant for ARDEX at The YARDS, a Premium Estate in Kemps Creek, New South Wales.

A creative freehold warehouse space in Alexandria has sold for $7.25 million within the first week of a two-week expressions of interest campaign.

Centuria Industrial REIT (ASX: CIP), Australia’s largest listed pure-play industrial fund, has announced an industrial real estate partnership with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).

Plus Property Group has paid close to $10,250,000 for a vacant industrial site in Truganina amid continued demand for warehouse space in Melbourne’s west.

EG has capitalised on market momentum to sell an industrial site at 230 Captain Cook Drive, Kurnell more than doubling investor equity in less than three years.

Essendon Fields has earmarked 30 hectares of land to develop new light industrial properties, taking advantage of the strong demand for manufacturing and logistics facilities in close proximity to the CBD, Melbourne Airport, and connected to the rest of Melbourne by the adjacent freeway network.

Leading Australian property fund manager, Centennial, has acquired a large-scale “mid-space” logistics facility in VIC’s Dandenong South, situated on a 17,480sqm site with 9,304sqm GFA.

A major industrial distribution facility in South Australia has been leased by a growing South Australian-based business, VALO, with an option to buy at the end of an initial lease period.

MaxCap Group and joint venture partner Time & Place are capitalising on the rapid growth in prime industrial land values through the sale of 2 Christina Rd, Villawood in Sydney’s inner west to Brookfield.

The organisation which owns and operates both Bankstown Airport, its surrounding precinct, and Camden Airport, previously known as Sydney Metro Airports has now become Aeria Management Group.

Perth-based property funds manager Quadrant Investments has acquired its tenth asset since launching, after concluding the capital raise fully subscribed in October for its QI Value Add Income Trust No 2.

Leading Asia-Pacific logistics specialist LOGOS has today celebrated the ground-breaking ceremony for Mondelēz International’s new 42,774sqm temperature-controlled and automated distribution facility at the circa $300 million Palmers Logistics Estate in Truganina, Victoria

A prime industrial office and warehouse facility in a sought- after industrial pocket of Melbourne’s South East has been leased prior to the on-market campaign, driven by high demand and low vacancy in the region.

Perth-based property syndicator Properties & Pathways has concluded its divestment of a tri-state industrial and logistics portfolio for $78.8m.

Australian-owned food-packaging manufacturer Networkpak will expand its footprint when it moves into a new production facility in Melbourne’s north.