MHD sits down with industrial property experts at Colliers to find out how implementing cost-effective sustainability strategies will future proof industrial property.
Charter Hall Prime Industrial Fund has secured $2.6 billion since April 2020, amid a pandemic. Group Industrial and Logistics CEO credits the strong performing and tightly held sector plus new acquisitions including its ALDI and VISY Glass portfolios.
ESR Australia Logistics Partnership (EALP) assets now exceed $1 billion after acquiring a portfolio of 11 Assets for $302.5 million from an ESR managed closed-end investment fund.
Charter Hall Long WALE Hardware Partnership has acquired a $353 million portfolio of six Bunnings stores located in prime metropolitan markets across Australia. The Charter Hall platform now have in excess of $2.4 billion invested in 59 Bunnings stores.
A record year of leasing demand is expected across industrial markets in 2021, underpinned by the continued growth of e-commerce, which will bolster warehouse demand.
Cadence Property Group has purchased an industrial asset in Brisbane’s newest e-commerce industrial and logistics hub next door to Coles’ new automated distribution centre. Australia Post, Northline, Asahi Beverages and Rheinmetall occupy major facilities that neighbour the site.
Australian industrial and logistics property is currently the most sought-after asset class among a large share of private investors and mini industrial warehouses are providing a new opportunity to acquire multi-level industrial developments.
Australian industrial and logistics property is currently the most sought after property asset class, over $3.5 billion has traded within the sector this year, underpinned by favourable structural tailwinds which continue to positively impact the division.
Occupier demand for industrial & logistics facilities remains high for global investors. Australia’s investable industrial property space has been estimated at $90 billion and most investors in the sector are looking to build a portfolio of between $1.0 billion and $1.5 billion.
Queensland’s largest industrial project, The Crestmead Logistics Estate is providing land supply in a highly constrained market for land buyers, tenants and owner occupiers across the country, with an end value of $1.5 billion.