An Ingleburn industrial site comprising three freestanding warehouses has sold for $24,750,000 – the latest in a string of major transactions by CBRE’s Industrial and Logistics team.
The 5 Williamson Road property was sold to LEDA Holdings and is situated in the heart of Ingleburn’s established industrial precinct. The three warehouse facilities have a total GFA of 19,364 sqm and are situated on a 40,966 sqm site.
The site offers multiple entry and exit points for complete, drive around access and separate loading areas for each building. It is surrounded by both national and international tenants including Kimberly Clarke, CSR, Unilever and Super Gas.
CBRE’s Tom Rourke, who negotiated the transaction in conjunction with Greg Pike and David Corke on behalf of Jobema Investments, said: “The property had been owned and occupied for over 20 years and as such had been exceptionally well built and looked after. The three separate warehouses were a major drawcard to potential purchasers as it allows buyers to spread future leasing risk across multiple tenancies and offers flexible exit strategies.”
“Additionally, Ingleburn is well positioned to see continued growth on the back of neighboring infrastructure projects including QUBE’s Moorebank Intermodal and the second airport at Badgeries Creek,” Mr Rourke added.
The deal comes after a record July for CBRE, which transacted six major deals equating to $48,075,000 and dealt with over 160 active buyers, highlighting the continued demand for high value assets and increasing land values in the south west Sydney industrial and logistics market.
The sales results are reflective of CBRE’s Q2 Industrial and Logistics MarketView report, that found increasing demand from owner occupiers and developers had caused capital values to rise at a rapid rate.
The MarketView also stated that land values are continuing to increase in NSW, with the state recording on average 9% annual growth over the past 20 years.
In Lansvale, two buildings at 37-41 Day Street and Unit 1 & 2, 43 Day Street sold to SWAS Property Holdings for $16,200,000. The 22,692 sqm site comprises a building area of 15,141 sqm and is occupied by Oji Fibre Solutions – the largest pulp and packaging manufacturer in the world.
Meanwhile, an industrial development site in Warwick Farm sold for $7,522,000. The 18,300 sqm site at 12 Homepride Avenue was marketed by Tom Rourke, Nathan Egan and Ned Mannoun of CBRE and received extensive interest from both industrial owner occupiers and developers.
The results of the six July transactions are as follows:
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.