torrens road st clairs
Trident Plastics are long-term tenants of the St Clair’s site. Image Supplied
  • Ascot Capital acquired the property
  • 15,000sqm warehouse on the 29,707sqm site
  • Triple-net lease in place with Trident Plastics

A large industrial site in Adelaide’s north-west has sold for $18.8 million.

The 29,707sqm site at 589-599 Torrens Road in St Clair currently hoses a 15,000 sqm warehouse, which is currently occupied by Trident Plastics.

Trident is a local firm known for manufacturing residential rubbish bins, water tanks and automotive components. Notably, it installed the Southern Hemisphere’s largest plastic injection moulding machine back in 2017.

Venture Partners Group Asia Pacific purchased the site back in September 2018 and facilitate the rezoning of the site from Urban Employment to Residential (Medium Density).

The property has been acquired by Ascot Capital with Trident currently having a triple-net lease to 2028– meaning the tenants are responsible for appropriate taxes, insurance and maintenance costs.

The off-market sale was managed by CBRE’s Jordan Kiss, Chris O’Brien and David Reid on behalf of the Value Partners Asia Pacific fund.

Rachel Tong, the Managing Director and Head of Real Estate Private Equity for Value Partners Group Limited said the sale price was an excellent outcome for the Fund’s investors.

“While we are exiting this asset, the fund continues to look for yield accreditive opportunities in Adelaide and elsewhere in Australia given demand from our investors for quality assets in a stable market.”

Rachel Tong, Value Partners Group

Jordan Kies of CBRE said the sale shows investor demand in South Australia is on the rise.

“Investor demand for industrial assets in South Australia has increased significantly in recent years, with the COVID-19 pandemic having further bolstered buyer interest given the resilience of the industrial & logistics sector.”

Jordan Kies, CBRE




You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Experts Corner by The Property Tribune

Ko & NPA partner to launch several co-owned luxury properties at Mermaid Beach, Gold Coast

Ko's partnership with NPA Projects provides more opportunities to co-own off-the-plan holiday residences, including exclusive Gold Coast properties

Continue reading

Top Articles

Expert tips on how to be a successful property investor

Property expert and buyer's agent, Lloyd Edge, shares his insights.

Australian commercial property update: Industrial and tourism assets lead the pack in trying times

Commercial assets have faced volatility recently, driven by financing changes and demand fluctuations from institutions and funds.

WA has emerged as a property investment hub, and why that's a good thing

Eastern investors chase Perth's affordability, doubling the distance between home and investment in 2023, reveals MCG research.