Commercial Real Estate

The demand for industrial facilities continues to grow, driven by the requirement for businesses to secure a permanent base of operations. 

The acquisition is set to become a new self-storage facility, and follows last year’s success in Upper Coomera.

The site was acquired from Cadence Property Group and Linkage Property.

The sale comes as the hotel sector records over a billion dollars in transactions for H1 2023.

The northern Melburnian warehouse was sold to a private investor by Impact Designer Homes.

The property was acquired on a 4.8% yield, and is fully leased to Portwest Pacific.

Limited exposure to finance and technology companies in Brisbane, Adelaide, and Perth is contributing to an uptick in subleasing activity.