As part of Charter Halls’ announcement on the $1.6bn acquisition of the ALE Property Group, the Fund also added two east coast industrial investments to the REIT worth $66.9m.The largest asset is a 2.06 hectare property at 35-37 Frank Street, Wetherhill Park being acquired from an MFS Harmony syndicate for $34.6 million. The property is Australia’s largest waste-to-energy plant and contains a 8,516sqm facility purpose-built Cleanaway and ResourceCo. The tenants has a remaining lease term of 16.8 years.Based on the asset’s annual net income, the purchase price reflects a 4.3 per cent yield or $4,063/sqm of NLA.Charter Hall is also paying $32.3m for a logistics facility at 45 South Pine Road Brendale leased to Modern Star. The 2.69 hectare site, contains an 18,255 sqm showroom and warehouse facility. The property has a 7.9year WALE and the deal represents a 5.5% initial return.45 South Pine Road Brendale35 Frank St Wetherill ParkPrevious ArticleNext Article
The largest asset is a 2.06 hectare property at 35-37 Frank Street, Wetherhill Park being acquired from an MFS Harmony syndicate for $34.6 million. The property is Australia’s largest waste-to-energy plant and contains a 8,516sqm facility purpose-built Cleanaway and ResourceCo. The tenants has a remaining lease term of 16.8 years.Based on the asset’s annual net income, the purchase price reflects a 4.3 per cent yield or $4,063/sqm of NLA.Charter Hall is also paying $32.3m for a logistics facility at 45 South Pine Road Brendale leased to Modern Star. The 2.69 hectare site, contains an 18,255 sqm showroom and warehouse facility. The property has a 7.9year WALE and the deal represents a 5.5% initial return.45 South Pine Road Brendale35 Frank St Wetherill ParkPrevious ArticleNext Article
Based on the asset’s annual net income, the purchase price reflects a 4.3 per cent yield or $4,063/sqm of NLA.Charter Hall is also paying $32.3m for a logistics facility at 45 South Pine Road Brendale leased to Modern Star. The 2.69 hectare site, contains an 18,255 sqm showroom and warehouse facility. The property has a 7.9year WALE and the deal represents a 5.5% initial return.45 South Pine Road Brendale35 Frank St Wetherill ParkPrevious ArticleNext Article
Charter Hall is also paying $32.3m for a logistics facility at 45 South Pine Road Brendale leased to Modern Star. The 2.69 hectare site, contains an 18,255 sqm showroom and warehouse facility. The property has a 7.9year WALE and the deal represents a 5.5% initial return.45 South Pine Road Brendale35 Frank St Wetherill ParkPrevious ArticleNext Article
45 South Pine Road Brendale35 Frank St Wetherill ParkPrevious ArticleNext Article
