Industrial

Industrial rents in New South Wales have hit new highs as businesses engage in a bidding war for scarce space, with rents reaching well over $200 per square metre in some well-located industrial precincts.

Regional industrial capital values grew to an average of 22.2% within the prime market across FY 2021-22, which was outperformed by the Gold Coast (26.4%), Newcastle (25.5%) and Toowoomba (24.2%) where the capital city average of 23.6% was beaten.

Leading kitchenware retailer Kitchen Warehouse is establishing a new distribution facility in Frasers Property’s 4Ten Epping estate.

One of the last remaining lots of industrial-zoned land in Wetherill Park in Sydney’s west has been purchased by a commercial cleaning company for $8.25m.

Leading Asia-Pacific logistics specialist, LOGOS in partnership with its LOGOS Australian Logistics Venture (LALV) has acquired a large-scale logistics development site in Eastern Creek NSW from the charitable property organisation, Sargents Charity Limited

ESR Australia is maintaining the momentum of its acquisitions for its core plus logistics investment programme EALP II, deploying A$158.6million to acquire two well-located income-producing portfolios comprising eight assets spanning Brisbane, Melbourne, and Perth.

Self-storage developer Impact Designer Homes beat strong competition to purchase a site in Eltham in Melbourne’s north east for $9.6 million.

The City of Sydney Council has quietly purchased The Woolstores in Alexandria off market for $110 million from CorVal, reflecting a 4.9 per cent yield and WALE of 3.3 years. 

Stockland has received Development Approvals for its Leppington Business Park (Stage 2) and Ingleburn Logistics Park (Stage 3) from Camden Council and Campbelltown City Council respectively, providing more than 84,000 square metres of much-needed logistics space in Sydney’s growing south west corridor.

The Narangba industrial market continues to tighten, with a high level of enquiries and competition for all assets across sales and leases. 

Australia’s commercial real estate sector remains high on the radar of banks and alternative lenders even as debt costs rise and despite economic headwinds, a new CBRE survey has shown.

Driven by growth in demand for sustainable packaging solutions, Goodman and joint venture partner, Brickworks, have completed a new 16,870 square metre state-of-the-art Service Centre for CHEP

Leading Asia-Pacific logistics specialist LOGOS and its Consortium partners have announced a commitment from major global supply chain services provider, Mainfreight, to develop and lease a 55,800sqm cross-dock warehouse facility at the Moorebank Logistics Park (MLP) for an initial 15-year term.

Diversified property group SRL has officially commenced construction at O’Herns Logistics Park, its 140ha sustainability led logistics project in Epping.

Leading supply chain consultancy Prological has released a new whitepaper on the changes in the industrial property landscape and its future-focussed ‘next generation’ approach to new warehouse and freight depot design and development.