Kennedy Wilson’s Post

SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC On behalf of our valued vendor, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000. The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated. The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term. The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists. For further information on this transaction, please contact Tony Iuliano ( 61 412 992 830), Chris Jones ( 61 477 881 882) or Adrian Rowse ( 61 414 836 817). Gary Hyland Nick Goodridge Charlie Holmes Brendan Harrison Jack Shearer Vivian Nguyen Bronte Senn Sarah Baker #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia *in conjunction with JLL

SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC   On behalf of our valued vendor, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000.   The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated.   The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term.   The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists.   For further information on this transaction, please contact Tony Iuliano ( 61 412 992 830), Chris Jones ( 61 477 881 882) or Adrian Rowse ( 61 414 836 817).   Gary Hyland Nick Goodridge Charlie Holmes Brendan Harrison Oliver McIntosh Jack Shearer Vivian Nguyen Bronte Senn Sarah Baker   #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia *in conjunction with JLL

SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC   On behalf of our valued vendor, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000.   The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated.   The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term.   The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists.   For further information on this transaction, please contact Tony Iuliano ( 61 412 992 830), Chris Jones ( 61 477 881 882) or Adrian Rowse ( 61 414 836 817).   Gary Hyland Nick Goodridge Charlie Holmes Brendan Harrison Oliver McIntosh Jack Shearer Vivian Nguyen Bronte Senn Sarah Baker   #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia *in conjunction with JLL

SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC   On behalf of our valued vendor, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000.   The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated.   The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term.   The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists.   For further information on this transaction, please contact Tony Iuliano ( 61 412 992 830), Chris Jones ( 61 477 881 882) or Adrian Rowse ( 61 414 836 817).   Gary Hyland Nick Goodridge Charlie Holmes Oliver McIntosh Jack Shearer Vivian Nguyen Bronte Senn Sarah Baker   #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia *in conjunction with JLL

SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC   On behalf of our valued vendor, the JLL Logistics & Industrial Capital Markets team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000. The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated.   The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term.   The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists.   For further information on this transaction, please contact the following JLL team: Ben Hegerty 61 414 717 555 Joel Scully 61 431 576 941 Jack Kelliher 61 437 844 336 Michael Dockery Emily McCorkill *in conjunction with Cushman & Wakefield

Good morning. Here’s your Tuesday round-up of the latest news and views from EG. 🛍 Landsec has closed a deal to buy GIC’s 17.5% stake in Bluewater shopping centre, in Kent, for £120m. The deal takes the owner’s stake in the centre to 66.25%. The listed owner said the investment will increase its net rental income by £10.3m on an annualised basis. 🛒 Warehouse REIT has bought a slice of Ventura Retail Park in Tamworth for £38.6m, representing a net initial yield of 7.4%. The news comes as the investor returns to profit in the year to 31 March, generating IFRS pre-tax profit of £34.3m, compared with a £182.8m loss last year. The REIT cited “robust” occupier demand, with contracted rents growing by 5.1% on a like-for-like basis. 🏭 L&Q Estates has sold a 600,000 sq ft site in Coventry to industrial developer Panattoni, which is drawing up plans for a £135m GDV speculative development. The site also has a residential aspect, which has been acquired by Taylor Wimpey plc. It is expected to consist of up to 73 homes. Combined, the total GDV of the site is estimated to be worth around £155m. 🤝 CBRE Group has set out plans to combine its project management business with its majority-owned subsidiary Turner & Townsend, as it increases its stake in the consultancy to 70%. On closing the deal, CBRE will own 70% of the combined business, with Turner & Townsend partners holding the remaining 30%. It has invested around $70m (£55.3m) in upping its stake, excluding deal costs. 🏨 And, Firethorn Trust has bought the 150-bed Malmaison York hotel from LOTHBURY PROPERTY TRUST COMPANY LIMITED, as the latter winds down. The boutique hotel was sold in an off-market deal for an undisclosed sum, although Lothbury had placed a valuation on it of £31m. It is a 29,000 sq ft site occupied by Malmaison on a 35-year lease at £2.1m per annum. Conway Real Estate, JLL and Maples Teesdale LLP advised the buyer. ⬇ All this and plenty more in your latest summary ⬇

NORTH SHORE MARKET UPDATE A recent article on the current commercial/industrial market on the North Shore featuring a handful of recent transactions. "Associate director Michael Nees said while there are no “easy” transactions in today’s market, a targeted approach to prospective buyers, data-led marketing and solid client relationships honed over many years are standing the Bayleys’ team in good stead. We are talking to buyers that are both actively and passively looking for opportunities and who recognise the market intel we cumulatively hold. We can point to other properties we have sold with similar fundamentals and illustrate the path to unlocking optimal returns." Bayleys Commercial North Shore #commercialrealestate #commercialinvestment #shorething

SALE IMAGE: Trent Gallagher, Gavin Bishop, Sean Thomson, Peter Dale ADDRESS: Smithfield Central Industrial Estate, 338-350 Woodpark Road & 1 Dupas Street, Smithfield, NSW 2164 MARKET: Smithfield (Wester Sydney) ASSET TYPE: Warehouse, Factory, Industrial SELLER: EK Nominees (Katz family) BUYER: Irongate Group AGENTS: Trent Gallagher, Gavin Bishop, Sean Thomson, Peter Dale; Colliers   TENANT: Multiple SALE PRICE: $57,250,000 BUILDING SIZE: 17,546 sqm  LAND SIZE: 33,988 sqm BUILDING SALE RATE: $3,262.85/sqm LAND SALE RATE: $1,684/sqm WALE: 1.7 years NOTES: With this acquisition Irongate Group launches their Industrial Property Fund focusing on low-risk infill sites with large land holdings. In line with the Smithfield asset, which was acquired for below land-and-replacement costs, these assets are often underutilised, income-generating properties with strong positive rental reversion. ▶ The fund will be managed by Irongate with seed funding from both Irongate and Burstone Group (Johannesburg). ▶ This acquisition includes co-investment from APAC-focused private equity real estate investment group Phoenix Property Investors (Hong Kong). ▶ Irongate CEO, Graeme Katz: “We believe the positive momentum in the industrial sector is sustainable, particularly in key infill areas. The Smithfield acquisition is the first of many we intend to make in the short term. We have our sights set on a number of under-rented assets in key logistics hubs across the country.” ▶ Phoenix’s Head of Australian Investments, Trent Winduss: “We are strong believers in the Australian market and the industrial sector more specifically. We look forward to adding to the portfolio by acquiring future assets together.” ▶ Trent Gallagher, Colliers: “This key infill industrial asset was highly sought-after due to its short WALE allowing immediate rental upside for the incoming purchaser.” ▶ Gavin Bishop, Colliers: “The Western Sydney industrial market has a vacancy rate at present of 0.2% which is causing significant demand for any up-and-coming vacancies resulting in record rents being paid by tenants on a regular basis.” #gws #sydney #sydneybusiness #sydneyproperty #sydneyrealestate #indsustrialland #factory #warehouse #colliers #colliersau #realestate #property #tradedau #transactions #developmentsite #development #propertyinvestment #propertydeveloper #propertydevelopment #propertyfinance #harbourcity #surfinglife #land #investment #landbank #cre #commercialrealestate #commercialproperty #industrial #industrialinvestment #vacantland #australianproperty #australianpropertymarket #asiapacific #westernsydney #irongate #phoenix TradedAU CapStack

SOLD! $27,700,000 Multi-Tenant Industrial Complex in Mississauga Colliers National Investment Services is pleased to announce the successful sale of 2630-2666 Royal Windsor Drive, Mississauga. The subject property is a three-building, multi-tenant industrial complex with a total rentable area of 92,411 SF. The buildings are situated on an expansive 6.19 acre site that is zoned E3 permitting outside storage. The low building to lot coverage ratio of 34% provides approximately 1.8 acres of excess land that can accommodate trailer storage. At the time of sale, the property was approximately 85% occupied at in-place rents below market. Along with the vendor, we would also like to congratulate the purchaser on their acquisition of this strategic, multi-tenant industrial asset. Gord Cook Max Brenzel Farabe Wahab Ramona D'Souza Robert Frost Brian Rosen Daniel Holmes Tracy Macdonald Peter Garrigan #collierscanada #colliers #industrialrealestate #multitenant #warehouse #mississaugarealestate #investinginrealestate #realestate