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 7.8 years. 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 4.4 $158.6m 7.25% 45,474 100% 17.7
34 Australis Drive, Derrimut VIC 100% Industrial 9.1 $25.3m 6.75% 25,243 100% 5.9
80-96 South Park Drive, Dandenong South VIC 100% Industrial 10.1 $21.5m 6.75% 20,245 100% 7.1
89 West Park Drive, Derrimut VIC 100% Industrial 9.4 $18.2m 6.75% 17,024 100% 5.7
32-40 Garden Street, Kilsyth VIC 100% Industrial 9.2 $14.7m 7.25% 10,647 100% 8.0
5 Butler Boulevard, Adelaide Airport SA 100% Industrial 9.7 $12.5m 9.75% 12,258 100% 1.1
140 Sharps Road, Tullamarine VIC 100% Industrial 9.3 $13.5m 8.25% 10,508 100% 5.7
7 Clunies Ross Court and
17-19 McKechnie Drive, BTP
QLD 100% Business Park 9.1 $39.0m 8.00% 8,877 100% 6.7
BTP Central, BTP QLD 100% Business Park 2.5 $41.0m 8.05% 7,782 81% 2.4
8 Clunies Ross Court and
9 McKechnie Drive, BTP
QLD 100% Business Park 8.0 $21.4m 8.25% 5,704 86% 1.0
37 Brandl Street, BTP QLD 100% Business Park 4.6 $13.0m 8.25% 3,329 100% 0.9
18 Brandl Street, BTP QLD 100% Business Park 13.0 $11.7m 8.75% 4,174 76% 2.4
88 Brandl Street, BTP QLD 100% Business Park 5.7 $13.5m 8.50% 3,006 48% 1.5
Building A,
1 Homebush Bay Drive, Rhodes
NSW 100% Business Park 9.3 $89.8m 7.00% 14,641 100% 4.2
Building C,
1 Homebush Bay Drive, Rhodes
NSW 100% Business Park 15.5 $58.8m 7.25% 10,582 79% 3.4
Total $552.3m 7.5% 199,493 96% 7.8
* as at 31 December 2016