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 a weighted average lease expiry of 7.3 years. The total value of the portfolio is $640 million, which reflects a weighted average capitalisation rate of 6.7%.

Industria portfolio summary
Property State Ownership Sector Age (years) Book value Cap rate NLA (sqm) Occupancy (by area) WALE by Area (years)
1-3 WesTrac Drive, Newcastle NSW 100% Industrial 5.4 $184.0m 6.25% 45,474 100% 16.7
34 Australis Drive, Derrimut VIC 100% Industrial 10.1 $28.0m 6.50% 25,243 100% 4.9
80-96 South Park Drive, Dandenong South VIC 100% Industrial 11.1 $22.0m 7.00% 20,245 100% 6.1
89 West Park Drive, Derrimut VIC 100% Industrial 10.4 $19.5m 6.50% 17,024 100% 4.7
32-40 Garden Street, Kilsyth VIC 100% Industrial 10.2 $17.0m 7.00% 10,647 100% 7
5 Butler Boulevard, Adelaide Airport SA 100% Industrial 10.7 $12.3m 8.84% 12,335 89% 3
140 Sharps Road, Tullamarine VIC 100% Industrial 10.3 $13.5m 8.25% 10,508 100% 4.7
7 Clunies Ross Court and
17-19 McKechnie Drive, BTP
QLD 100% Office 10.1 $44.1m 7.50% 8,877 100% 6.2
BTP Central, BTP QLD 100% Office 3.5 $41.2m 7.50% 7,796 76% 2.2
8 Clunies Ross Court and
9 McKechnie Drive, BTP
QLD 100% Office 9 $23.1m 8.00% 5,704 46% 1.8
37 Brandl Street, BTP QLD 100% Office 5.6 $15.0m 7.38% 3,329 86% 1.5
18 Brandl Street, BTP QLD 100% Office 14 $12.6m 8.00% 4,174 76% 2.2
88 Brandl Street, BTP QLD 100% Office 6.7 $14.9m 7.75% 3,006 63% 1.7
Building A,
1 Homebush Bay Drive, Rhodes
NSW 100% Office 10.3 $110.5m 6.25% 14,641 100% 3.7
Building C,
1 Homebush Bay Drive, Rhodes
NSW 100% Office 16.5 $82.3m 6.00% 10,544 96% 4.9
Total $640m 6.7% 199,547 95% 7.3
* as at 31 December 2017