Industria’s portfolio has 24 industrial and business park assets located in Sydney, Melbourne, Brisbane and Adelaide. The assets comprise a mix of new and mature buildings and have a weighted average lease expiry of 6.8 years. The total value of the portfolio is $687 million, which reflects a weighted average capitalisation rate of 6.6%.
Overview
Industria Portfolio Summary
| Property | State | Ownership | Sector | Age (Years) | Book Value | Cap rate | NLA (sqm) | Occupancy (by area) | WALE by Area (years) |
|---|---|---|---|---|---|---|---|---|---|
| Total | $687m | 6.6% | 220,744 | 96% | 6.8 | ||||
| 1-3 WesTrac Drive, Newcastle | NSW | 100% | Industrial | 6 | $197.0m | 6.00% | 45,474 | 100% | 16.2 |
| 34 Australis Drive, Derrimut | VIC | 100% | Industrial | 11 | $29.3m | 6.50% | 25,243 | 100% | 4.4 |
| 80-96 South Park Drive, Dandenong South | VIC | 100% | Industrial | 12 | $23.5m | 6.75% | 20,245 | 100% | 5.6 |
| 1 West Park Drive, Derrimut | VIC | 100% | Industrial | 10 | $10.6m | 6.75% | 10,078 | 100% | 4.6 |
| 89 West Park Drive, Derrimut | VIC | 100% | Industrial | 11 | $21.0m | 6.00% | 17,024 | 100% | 4.2 |
| 32-40 Garden Street, Kilsyth | VIC | 100% | Industrial | 11 | $18.3m | 6.50% | 10,647 | 100% | 6.5 |
| 140 Sharps Road, Tullamarine | VIC | 100% | Industrial | 11 | $13.5m | 8.25% | 10,508 | 100% | 4.3 |
| 13 Ricky Way, Epping | VIC | 100% | Industrial | 6 | $15.7m | 6.50% | 11,211 | 100% | 6.5 |
| 5 Butler Boulevard, Adelaide Airport | SA | 100% | Industrial | 11 | $14.0m | 8.61% | 12,334 | 89% | 3.4 |
| 7 Clunies Ross Court and 17-19 McKechnie Drive, BTP | QLD | 100% | Office | 11 | $44.1m | 7.50% | 8,877 | 100% | 5.8 |
| BTP Central, BTP | QLD | 100% | Office | 4 | $41.4m | 7.50% | 7,796 | 81% | 2.1 |
| 8 Clunies Ross Court and 9 McKechnie Drive, BTP | QLD | 100% | Office | 10 | $23.4m | 8.00% | 5,704 | 50% | 1.9 |
| 37 Brandl Street, BTP | QLD | 100% | Office | 6 | $15.0m | 7.38% | 3,329 | 46% | 1.2 |
| 18 Brandl Street, BTP | QLD | 100% | Office | 15 | $12.7m | 8.00% | 4,147 | 69% | 1.8 |
| 88 Brandl Street, BTP | QLD | 100% | Office | 7 | $14.9m | 7.75% | 2,915 | 66% | 1.7 |
| Building A, 1 Homebush Bay Drive, Rhodes | NSW | 100% | Office | 11 | $110.0m | 6.25% | 14,641 | 100% | 3.2 |
| Building C, 1 Homebush Bay Drive, Rhodes | NSW | 100% | Office | 17 | $82.6m | 6.00% | 10,544 | 100% | 4.5 |