Service station landlord APN Convenience Retail REIT has added two more outlets, at Warrego in Queensland and at Dubbo in New South Wales, to its growing portfolio, in deals worth more than $24 million.
The latest acquisitions, struck on an average yield of 5.5 per cent, follow hard on the heels of the two assets it bought last month, backed by a $50 million raising.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com