A Centennial Industrial & Logistics managed global partnership has purchased a high-profile, 25,201sqm industrial site in Melbourne’s northern suburbs for $19,215,000. 348 Cooper Street Epping sold by CBRE Associate Director Daniel Eramo.
Savills expand Logistics offering with new Supply Chain Hire
Savills Australia has expanded its Occupier Services offering with the appointment of Chris Stevenson as Associate Director Supply Chain Savills based in Sydney. Michael Fenton National Head Industrial and Logistics Savills Australia told The INDUSTRIALIST “Chris bolsters our expertise in supply...
Record infrastructure investment in Sydney to benefit industrial precincts says JLL
The NSW Government has committed to a number of new transport infrastructure projects within Greater Sydney, which will benefit the already booming industrial occupier market. JLL Head of Industrial Western Sydney Peter Blade said, “The State Government’s continued commitment tofurther fund...
Demand for B-Grade Industrial stock drives prices in Western Sydney says Coutts
David Ferreri Director at Coutts Wetherill Park told, The INDUSTRIALIST,” Western Sydney industrial vacancy has continued to fall. We have observed the rise of online sales and the confidence by some retailers to increase imports which has led to short term increased stockpiling driving the...
Owner occupiers drive soaring western Melbourne industrial land prices CBRE
Land prices for industrial sites in Melbourne’s west have risen by more than 20% across the past eight months, as more owner occupiers look to put down roots. “Demand for quality industrial land and buildings within infill locations in western Melbourne is soaring to unseen levels,” said CBRE...
Penrith Industrial sold at Auction $4.7m by PRD and CBRE
An investor has swooped on a newly-renovated and tenanted Penrith industrial sold for $4.7 million at auction. CBRE Brendan Wein, Matthew Alessi and John Micallef managed the sale campaign on behalf of Rise Projects, in conjunction with Jay Morosi and Robert Tappouras of PRD Commercial.
Hawthorn East warehouse office sold at 4.5% yield to investor by Stonebridge
Stonebridge Property Group has transacted a warehouse and office building at 17 Cato Street Hawthorn East sold for $4.2 million in an off-market transaction.The sale was completed by Stonebridge specialised city fringe investment team of Dylan Kilner and Max Warren.
ESR Australia to commence Acacia Ridge Business Park with the first two anchor tenants at its newly acquired site
ESR Australia (ESR) has secured the first two anchor tenants at Acacia Ridge Business Park, with Food Packaging Australia (FPA) and SPAR Australia (SPAR), David Knox & Lachlan Hateley Knight Frank brokered the FPA lease & Chris Cash CBRE negotiated the SPAR deal. ESR Australia CEO, Phil...
Adelaide industrial and logistics demand accelerating says CBRE
CBRE Industrial & Logistics and Research teams have compiled their second National Vacancy Report, which includes Adelaide for the first time says Jordan Kies CBRE State Director of Industrial & Logistics in South Australia.
