The asset will be brought to market by Colliers Gavin Bishop, Sean Thomson, and Anthony White on behalf of private investor, One Funds Management.

Underpinned by two-high quality tenants, CitiSteel Pty Ltd (Citi-Steel) and Australian Brushware Corporation Pty Ltd (ABC), the offering benefits from the diverse income profile from these established covenants.

With pricing expected at circa $35 million, the offering benefits from multiple core plus investment characteristics along with functional building improvements totalling of 16,724m² across two buildings, a strategic land holding of 38,720m², substantial net passing income of $1,629,469 p.a., positioning on a corner site benefitting from maximum exposure and two street access, WALE of 4.30 years, and a infill industrial and logistics location within five kilometres of five train stations and approximately 18 kilometres by road to the Brisbane CBD.

Gavin Bishop, Head of Industrial Capital Markets at Colliers, maintained that the offerings’ premium tenants, superior location, significant income, functional building improvements and core plus investment characteristics would appeal to a wide audience on a national scale.

“The Australian industrial and logistics sector has cemented itself at the forefront of institutional investment on a global scale and proved to be the most resilient asset class over the past year. Looking ahead, fundamentals within the sector remain strong and will continue to provide a positive tailwind to demand levels. The retail, manufacturing and transport sectors are expected to again underpin tenant demand as they focus on efficiencies and automation to minimise the impacts of any future shocks to the supply chain.” said Mr Bishop.

Sean Thomson, Director, Industrial Capital Markets at Colliers said, “The robust Queensland economy has seen the injection of significant government investment in infrastructure. Brisbane is Australia’s third largest city with an infrastructure pipeline of $145 billion, underpinned by several significant investments in the mining sector and multiple transport projects.”

“Across the Brisbane industrial market we have seen a significant tightening in yields for the first half of 2021 of up to 75 basis points, driven by the sheer weight of aggressive institutional capital looking to either re-weight or gain further exposure to the industrial sector” said Mr Thomson.

The property is being sold in one line via International Expressions of Interest closing 12:00pm AEST, Friday, 18th June 2021.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.