Melbourne

Premium industrial portfolio listed for sale by Heathley

A circa $40 million portfolio of high quality industrial logistics on the Eastern Seaboard has been listed for sale.

19 Feb 2018

A circa $40 million portfolio of high quality industrial logistics on the Eastern Seaboard has been listed for sale. 

Heathley Asset Management Limited, together with its asset manager Logos, has appointed CBRE and Colliers International  to market the premium portfolio of east coast  assets, comprising 1 Johnson Road, Campbelltown, NSW and 1304 Ferntree Gully Road, Scoresby, VIC.  

Both assets are strategically situated within proximity to major arterial road networks and benefitting from surrounding significant government infrastructure projects over the next four years.

The offering provides a total building area of 24,365sqm and site area of 44,914sqm, WALE of 9.01 years, and a combined net income of $2,321,097 per annum.

Chris O’Brien of CBRE said the portfolio’s scale, strong lease covenants, long WALE and eastern seaboard location would be key selling factors.

“Quality lease covenants in ZircoDATA Pty Ltd, Australia’s premier records and information management business, and P’Auer Pty Ltd (subsidiary of the ASX-listed PACT Group) will provide long term security of cash flow to the investor,” Mr O’Brien said. 

“Investors are rarely presented with the opportunity to acquire an eastern seaboard industrial portfolio of this quality. There was strong demand for industrial investment sales in 2017 across Victoria, with transaction value up 43%, whilst New South Wales sales were down 18% due to the limited availability of stock on the market.” 

Colliers International National Director of Industrial Gavin Bishop added: “Given the low interest rate environment and robust economic fundamentals in Australia, accompanied by the weight in capital chasing industrial investment product, significant demand for this portfolio is anticipated. 

The portfolio is being offered for sale via an Expression of Interest Campaign closing March 22, 2018. 
 
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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 2017 revenue). The company has more than 80,000 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.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.