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 7.6 years. The total value of the portfolio is $638 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 5.0 $184.0m 6.25% 45,474 100% 17.2
34 Australis Drive, Derrimut VIC 100% Industrial 9.8 $28.0m 6.50% 25,243 100% 5.4
80-96 South Park Drive, Dandenong South VIC 100% Industrial 10.8 $22.0m 7.00% 20,245 100% 6.6
89 West Park Drive, Derrimut VIC 100% Industrial 10.1 $19.5m 6.50% 17,024 100% 5.2
32-40 Garden Street, Kilsyth VIC 100% Industrial 9.8 $17.0m 7.00% 10,647 100% 7.5
5 Butler Boulevard, Adelaide Airport SA 100% Industrial 10.3 $12.2m 8.84% 12,335 89% 2.8
140 Sharps Road, Tullamarine VIC 100% Industrial 9.9 $13.5m 8.25% 10,508 100% 5.3
7 Clunies Ross Court and
17-19 McKechnie Drive, BTP
QLD 100% Office 9.8 $44.0m 7.50% 8,877 100% 6.6
BTP Central, BTP QLD 100% Office 3.2 $41.0m 7.50% 7,782 76% 2.0
8 Clunies Ross Court and
9 McKechnie Drive, BTP
QLD 100% Office 8.7 $23.0m 8.00% 5,704 45% 1.2
37 Brandl Street, BTP QLD 100% Office 5.2 $14.7m 7.38% 3,329 86% 1.9
18 Brandl Street, BTP QLD 100% Office 13.7 $12.6m 8.00% 4,174 76% 2.0
88 Brandl Street, BTP QLD 100% Office 6.3 $14.5m 7.75% 3,006 50% 1.3
Building A,
1 Homebush Bay Drive, Rhodes
NSW 100% Office 10.0 $110.0m 6.25% 14,641 100% 4.2
Building C,
1 Homebush Bay Drive, Rhodes
NSW 100% Office 16.2 $82.0m 6.00% 10,597 84% 4.7
Total $638m 6.7% 199,586 95% 7.6
* as at 30 June 2017