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IndustrialStaff WriterTue 04 Nov 14

Mirvac Expands Industrial Portfolio With $224m Transaction

A

Mirvac has acquired five assets from the

Altis Property Partners’ AREEP 1 Portfolio, a sale worth $224.1 million, making it the largest industrial portfolio transaction in five years.


The sale was handled by Gavin Bishop and Roger Miller of Colliers International.


The assets acquired by Mirvac include:

  • : an institutional-grade industrial facility of 13,390 square metres Net Lettable Area (NLA), within a well-located and established industrial area.

  • a modern multi-tenanted estate of 22,062 square metres NLA, with a strong tenancy profile.

  • A new facility of 6,048 square metres of NLA on a site area of 26,970 square metres located in a key logistics centre for Sydney, this asset was completed in April 2013.

  • : Regarded as the best industrial estate on the north shore of Sydney, this asset has significant potential upside in the longer term.  It includes 36,847 square metres of NLA on a 3.7 hectare land holding.

  • a high quality modern industrial warehouse of 8,323 square metres NLA in Cavan with surplus land for additional development.

IndustrialAustraliaReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
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Article originally posted at: https://theurbandeveloper.com/articles/mirvac-expands-industrial-portfolio-with-224m-transaction