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Industrial property captures high returns for investors

Finance Markets / Latest Activity

Australia

Oct 06 2017

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Carolyn Cummins, The Sydney Morning Herald

In one of the largest industrial property leases for some time, DV Schenker, a large multi-client contract logistics business, has leased a former Masters distribution facility for the next decade.

The 50,400 sq m site at Hoxton Park, in Sydney's west is owned by Mirvac and JP Morgan, but the lessor was Woolworths. It was negotiated by Michael Wall, the head of industrial NSW at JLL, who declined to comment on the specific deal, but said leases like these help "cement Western Sydney as a key logistics precinct".

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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