Overview

Industria’s portfolio has 21 industrial and business park assets located in Sydney, Melbourne, Brisbane and Adelaide. The assets comprise a mix of new and mature buildings and have an average lease expiry of 7.8 years weighted by area. The total value of the portfolio is $552 million, which reflects a weighted average capitalisation rate of 7.5%.

Industria portfolio summary
Property State Ownership Sector Age (years) Book value Cap rate NLA (sqm) Occupancy (by area) WALE by Area (years)
WesTrac Newcastle NSW 100% Industrial 4.2 $158.6m 7.25% 45,474 100% 18
34 Australis Drive, Derrimut VIC 100% Industrial 8.6 $24.0m 7.00% 25,243 100% 6.4
80-96 South Park Drive, Dandenong South VIC 100% Industrial 9.6 $20.2m 7.25% 20,245 100% 5.1
89 West Park Drive, Derrimut VIC 100% Industrial 8.9 $17.4m 7.00% 17,024 100% 6.2
32-40 Garden Street, Kilsyth VIC 100% Industrial 8.7 $14.7m 7.25% 10,647 100% 8.5
5 Butler Boulevard, Adelaide Airport SA 100% Industrial 9.2 $12.5m 9.75% 12,257 100% 1.6
140 Sharps Road, Tullamarine VIC 100% Industrial 8.8 $13.5m 8.25% 10,508 100% 6.3
7 Clunies Ross Court and
17-19 McKechnie Drive, BTP
QLD 100% Business Park 8.6 $39.0m 8.00% 8,877 100% 7.2
BTP Central, BTP QLD 100% Business Park 4.5 $40.8m 8.05% 7,782 81% 2.9
8 Clunies Ross Court and
9 McKechnie Drive, BTP
QLD 100% Business Park 7.5 $21.4m 8.25% 5,704 86% 1.4
37 Brandl Street, BTP QLD 100% Business Park 4.1 $13.2m 8.75% 3,329 100% 1.4
18 Brandl Street, BTP QLD 100% Business Park 12.5 $11.5m 8.50% 4,174 76% 0.7
88 Brandl Street, BTP QLD 100% Business Park 5.2 $13.5m 8.50% 3,121 88% 2.3
Building A,
1 Homebush Bay Drive, Rhodes
NSW 100% Business Park 8.8 $89.8m 7.00% 14,644 100% 4.7
Building C,
1 Homebush Bay Drive, Rhodes
NSW 100% Business Park 15.0 $54.7m 7.25% 10,582 79% 3.8
Total $418m 7.62% 154,136 96% 5.0
* as at 30 June 2016