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Industrial

This Month

Investment bankers say confidence is returning to the markets after a “de-risking” period with lean demand.

Now is the time to buy commercial property, says this veteran analyst

Veteran real estate research analyst Sameer Chopra says population growth and the high cost of construction will lead to property values surging.

  • Larry Schlesinger
Centuria Industrial REIT’s adjacent 310 Spearwood Avenue and Lot 14 Sudlow Road facilities in southern Perth’s Bibra Lake, where AWH has just renewed its lease for 7 years.

AWH lease renewal locks cotton, wool in shed for another 7 years

Transport access is key for the fibre handler, which accounts for 4 per cent of the REIT’s total portfolio.

  • Michael Bleby

June

In a land lease estate, such as this one in Melbourne, the owner owns their home, but leases their land.

Macquarie joins rush into land lease sector after $2.9b raising

Macquarie Asset Management’s new global fund will invest in a land lease business on the East Coast alongside investments in logistics and rental housing

  • Larry Schlesinger
Mick Owens, the general manager of Greenfields Developments, estimates construction of about 1600 homes has been delayed due to industrial action by Endeavour Energy workers.

Pay dispute delays construction of 1600 homes

Industrial action by workers at poles and wires company Endeavour Energy is stalling the delivery of 1600 homes and $1.2 billion worth of warehouses in Sydney.

  • Campbell Kwan and David Marin-Guzman

More cold sheds needed to supply veg and meds

Australia will have to ramp up its construction of cold storage sheds to service the food supply needs of our booming population, says CBRE.

  • Larry Schlesinger
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Whose warehouse? Owner occupiers have an advantage over investors in the current market for industrial property in the sub-$40 million price range.

Why owner-occupiers beat investors for industrial property

There’s a soft rebound coming in sub-$40 million commercial property as rates ease, but different sectors face their own challenges.

  • Michael Bleby

May

Kookaburra Logistics Estate is one of three industrial assets that ISPT is putting up for sale.

ISPT to put $250m of logistics sites on the market

The super fund investor is trying to turn around its flagship fund by selling three industrial sites. It plans to recycle that capital into larger sites.

  • Campbell Kwan
Care A2 Plus was one of a small number of overseas infant formula producers allowed to import into the United States.

Care A2 Plus lender applies to wind up baby formula minnow

Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.

  • Max Mason and Carrie LaFrenz
Confident about its housing business: Frasers residential boss Cameron Leggatt.

Demand for housing and sheds to drive Frasers forward

Frasers’ booming Australian residential and industrial businesses will help drive profits at the Singaporean giant, after they fell at the half-year stage.

  • Larry Schlesinger
CEO Greg Goodman.  The China market is weaker.

Goodman warns on China as data centre push gathers speed

Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.

  • Larry Schlesinger
The portfolio includes a 115,000 sq m Metcash distribution centre in Melbourne.

Rest Super, Barings snaffle $780m Goodman industrial portfolio

The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.

  • Larry Schlesinger
Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by a drop in demand.

Americans went all-in on self-storage. That demand is suddenly cooling

One of the reasons for the drop in demand for self-storage units is that people aren’t relocating as much as they did during the pandemic.

  • Martha C. White

April

Dexus head of industrial Chris Mackenzie at a new warehouse project in Truganina, Melbourne

Batteries to power up warehouse pipeline as big as 40 MCGs

Dexus’ program to install batteries in all its new warehouses will cut its tenants’ energy bills by almost $100,000 a year and reduce their carbon emissions.

  • Larry Schlesinger
The “Barbie” the movie sparked a surge in demand for merchandise.

The Barbie effect: Mattel expands into mega shed

DHL has relocated its Mattel warehouse to a site 20 per cent bigger as the toy maker looks to cater for rising demand for its products after the hit movie.

  • Larry Schlesinger
Kapitol Group director Andrew Deveson at the at NEXTDC M2 Data Centre his company is building in Melbourne’s Tullamarine.

Data centre builders fight infrastructure for heavy cranes

Demand for the heaviest type of crane has pushed up costs at twice the rate of ordinary commercial cranes. And there aren’t enough of them.

  • Michael Bleby
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The sale of the Intellicentre in Macquarie Park was stuck on a 3.6 per cent yield.

AI boom drives $174m data centre deal on 3.6pc yield

Macquarie Technology Group will acquire the Intellicentre Campus at Macquarie Park from Singapore’s Keppel DC REIT as it looks to lift data storage capacity.

  • Larry Schlesinger
Warehouse construction is expected to pick up this year and in 2025.

Warehouse construction to surge again, but no oversupply fears

Warehouse completions fell by almost 1 million square metres last year, but the stabilisation of debt and construction costs will fuel a strong rebound.

  • Larry Schlesinger and Michael Bleby
Artist impression of a 40,000 sq m multi-storey warehouse in Lidcombe.

Hale Capital seeks $300m for ‘infill’ warehouse play

Fund manager Hale Capital is seeking $300m of fresh equity to fund a series of warehouse projects in the inner suburbs of Sydney and Melbourne.

  • Larry Schlesinger

March

Cushman & Wakefield’s Noral Wild: “The demands on data – they can’t even keep up with what they think is going to be needed to service the AI component of all of that.”

Cushman & Wakefield taps Noral Wild to lead, deepens alternatives push

The commercial agency’s appointment of a new CEO for Australia and New Zealand signals the trends in commercial property it is aiming to tap.

  • Updated
  • Michael Bleby
Sealing the deal: ESR Australia CEO Phil Pearce with Frasers’ Ian Barter.

ESR and Frasers snap up $200m industrial site from Rich Listers

The two big industrial developers have joined forces to snap up a 64ha parcel of land in Cranbourne from the Tarascio family’s Salta Properties.

  • Larry Schlesinger

Original URL: https://www.afr.com/topic/industrial-property-hqa