“The property was leased for a term of 10 years several months before practical completion, an ideal outcome for Charter Hall,” Mr Shakir said.
“In a trend we’re seeing across the Sydney industrial market, Krost is relocating from south Sydney to Smithfield, securing a state-of-the-art industrial facility with a substantial cost saving on rent.
“This deal highlights the strength of infill industrial markets such as Smithfield, which has benefitted from the outward shift of land supply for institutional owners.”
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