The significant development land parcel would give buyers a foothold into one of the most tightly held markets in the south west sector.
The partnership will result in the Morgan Stanley vehicle acquiring a 50 per cent stake in eight Centuria Industrial-owned assets for $180.9 million.
About 30 hectares of land next to Essendon Airport’s runways will be developed into an industrial business park aimed at last-mile logistics and high tech warehouse users.
Residents who made complaints told the court the sulfur stench from the plant impacted their daily lives.
Industrial deals are being driven by tenants who are stockpiling items in the lead-up to the busy Christmas shopping frenzy to avoid disruption from the ongoing supply chain issues,according to leading deal makers.
Sydney-based developer Neil Werrett has made a foray into Melbourne’s land market,swooping on a 53 hectare block for $130 million.
Goodman Australia says the brownfield development of the Rosebery Engine Yards in Sydney will reuse materials,reducing waste and construction emissions.
Billionaire veteran private developer Bob Ell’s Leda Holdings is adding to his recent deals and taking advantage of the booming demand for warehouse space in Sydney’s south with the sale of a large holding offering development potential.
Industrial property giant Goodman Group is future-proofing its sheds with reinforced roofs,solar panels,rain water harvesting,large electrical conduits,EV charge points,drone access and big batteries.
Industrial property landlord Logos aims to be carbon-neutral across its entire portfolio after striking a deal to install solar panels at its massive $4.2 billion intermodal and logistics precinct in Sydney’s southwest.
Australia’s largest privately-owned container logistics operator says rampant warehouse demand across the country is a sign of retailers building up inventory to deal with shipping issues and COVID delays.