A prime industrial development site in Perth’s east has been sold for $31.5 million, making it one of the largest recent single-asset industrial transactions in the city.The 9.01 hectare property at Lots 59 and 403 Bushmead Road in Hazelmere, was purchased by Atlis Property Partners, marking its first foray into the West Australian industrial market, from McMahon Burnett Transport.The off-market transaction, consisting of a sale and leaseback to McMahon Burnett Transport, was negotiated by Tom Iredell of Knight Frank in conjunction with Mal Ashton of Regents Commercial.In addition to McMahon Burnett Transport, part of the property, which consists of two office and warehouse facilities totalling 6,767sq m in total, is leased to National Pump & Energy.Atlis Property Partners plans to develop and hold a circa 13,000sq m A-grade logistics facility on the vacant portion of the site, totalling 2.86 hectares, expected to be delivered in the second half of 2023.The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
The 9.01 hectare property at Lots 59 and 403 Bushmead Road in Hazelmere, was purchased by Atlis Property Partners, marking its first foray into the West Australian industrial market, from McMahon Burnett Transport.The off-market transaction, consisting of a sale and leaseback to McMahon Burnett Transport, was negotiated by Tom Iredell of Knight Frank in conjunction with Mal Ashton of Regents Commercial.In addition to McMahon Burnett Transport, part of the property, which consists of two office and warehouse facilities totalling 6,767sq m in total, is leased to National Pump & Energy.Atlis Property Partners plans to develop and hold a circa 13,000sq m A-grade logistics facility on the vacant portion of the site, totalling 2.86 hectares, expected to be delivered in the second half of 2023.The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
The off-market transaction, consisting of a sale and leaseback to McMahon Burnett Transport, was negotiated by Tom Iredell of Knight Frank in conjunction with Mal Ashton of Regents Commercial.In addition to McMahon Burnett Transport, part of the property, which consists of two office and warehouse facilities totalling 6,767sq m in total, is leased to National Pump & Energy.Atlis Property Partners plans to develop and hold a circa 13,000sq m A-grade logistics facility on the vacant portion of the site, totalling 2.86 hectares, expected to be delivered in the second half of 2023.The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
In addition to McMahon Burnett Transport, part of the property, which consists of two office and warehouse facilities totalling 6,767sq m in total, is leased to National Pump & Energy.Atlis Property Partners plans to develop and hold a circa 13,000sq m A-grade logistics facility on the vacant portion of the site, totalling 2.86 hectares, expected to be delivered in the second half of 2023.The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
Atlis Property Partners plans to develop and hold a circa 13,000sq m A-grade logistics facility on the vacant portion of the site, totalling 2.86 hectares, expected to be delivered in the second half of 2023.The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
The development will have a sustainability focus targeting a 5-Star Green Star rating.Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
Mr Iredellsaid the purchase by Atlis Property Partners signalled the growing institutional presence in the Perth market.“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
“Institutional buyers are increasingly being drawn to Perth partially due to the historically low yields on the east coast forcing interstate buyers to look west in search of higher returns.“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
“A number of major government-backed infrastructure projects are set to enhance capital growth in key industrial precincts, contributing to the overall positive sentiment for Perth located industrial assets.”For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
For this property the buyer was also drawn to the location and secure holding income, saidMr Iredell.“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
“The two existing tenancies will provide the buyer with substantial holding income, while a development on the unused portion of the site is built,” he said.“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
“With Perth’s industrial market experiencing historically low vacancy rates and continued tenant demand, this site is well placed to capitalise on forecasted rental growth moving forward.“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
“It is located close to transport hubs, and nearby road upgrades will soon provide a direct link between Hazelmere and the Perth Airport precinct.”Previous ArticleNext Article
