$250m+ Portfolio Set To Make Waves In Hot Market
A $250 million plus pure Sydney industrial portfolio is expected to attract significant interest among private, institutional and offshore buyer groups when it hits the market next month.
Colliers International's Gavin Bishop and Tony Iuliano, in conjunction with Chris O'Brien and Matt Haddon of CBRE, have been appointed to sell a six-asset, 150,000sqm portfolio of prominently located and tenanted industrial properties in and around Sydney.
"This is the best medium-sized industrial portfolio to be offered to the market in many years, and it is 100% weighted to Sydney which makes it extremely rare," Mr Bishop said.
"This alone would make it highly appealing to a wide range of buyer groups."All assets within the portfolio also have highly sought after locations close to key road and investment project infrastructure.
All properties fall within recognised institutional investment-grade locations popular with both private and institutional investors.
"The portfolio overall has a strong WALE of 6.75 year, with 43% of the portfolio having a lease expiry beyond 2020, providing strong security of income," Mr Haddon said.
"55% of the net income is evenly balanced between four out of the six assets, and the tenancy profile overall is very strong."The portfolio comprises six assets located in the following suburbs:
- Huntingwood: A modern warehouse and distribution facility with easy access to the M4 and M7 Motorways. Leased to long term tenant, DHL.
- Minchinbury: A high quality, functional warehouse facility with excellent access to the M4 and M7 Motorways, leased to Star Track Express.
- Villawood: A functional warehouse and manufacturing facility leased to Pact Group
- Fairfield: This asset is considered the best logistics facility in Fairfield, leased to Fantastic Furniture and DB Schenker.
- Kingsgrove: A modern office-warehouse facility, with easy access to the M5 Motorway and 10 minutes from the Port of Botany. Leased to Shriro Australia.
- Blacktown: A highly functional warehouse and manufacturing facility to Snack Brands, close to the M7 Motorway.
