Overview

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%.

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 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% 4,174 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
Total $687m 6.6% 220,744 96% 6.8
* as at 30 June 2018