The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
3
print
Print
IndustrialEditorial DeskTue 05 Mar 19

AMP Lists $110m Logistics Portfolio

9b9be776-6281-4fba-997d-ed7e79c8bb74

Fund manager AMP Capital has listed a portfolio of three industrial assets in Sydney, as it looks to benefit from a boost in infrastructure spending in the state.

The portfolio, worth an estimated $110 million, includes properties at 104 Vanessa Street, Kingsgrove, 64 Biloela Street, Villawood and 30-32 Bessemer Street, Blacktown.

The three assets make up half the portfolio JP Morgan listed in mid-2016, which AMP acquired for $250 million at the time.

The portfolio in its entirety offers more than 50,000sq m of building area a WALE of 7 years and a combined annual net passing income of $5,848,713 million.

Tenants include Shriro, VIP Plastic Packaging and Snack Brands Australia.

Industrial property is among Australia’s most sought-after real estate, with e-commerce, tech innovation, and infrastructure spending bolstering investment in the sector.

Sydney accounted for about 40 per cent of the national industrial transaction volumes in 2018.

Related: Industrial Sector Braces for $21bn Capital Injection in 2019

Colliers’ national director of industrial Gavin Bishop said that the portfolio’s scale, strong leasing covenants and long WALE would be key selling factors.

“Investors are rarely presented with the opportunity to acquire a 100% Sydney located portfolio of this quality and scale,” Bishop said.

“We anticipate significant demand for this portfolio given the low interest rate environment and robust economic fundamentals in Australia, as well as the weight of capital chasing industrial investments.”

Colliers International and JLL have been appointed to market the portfolio, which is being sold via international expression of interest campaign.

IndustrialAustraliado not useTechnologyReal EstateSector
AUTHOR
Editorial Desk
More articles by this author
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Sponsored

Carpet Zones Bring Clarity to Open Layouts

Partner Content
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
The latest proposal is for 17 apartments across an eight storey building at Labrador...
LATEST
Interiors

Carpet Zones Bring Clarity to Open Layouts

Partner Content
4 Min
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
2 Min
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/amp-lists-110m-logistics-portfolio