APAC Logistics & Industrial Capability Statement

TRACK RECORD

NATIONAL PENSION SERVICE OF KOREA

AXXESS CORPORATE PARK

PRIME INDUSTRIAL PORTFOLIO

Location

Fujitsu Western Sydney Data Centre

Location

Mount Waverley, Melbourne

Location

Sydney & Melbourne

Service

Disposal advisory

Service

Investment sale

Service

Investment sale

Date

2023

Date

2023

Date

2023

Value

USD $27.1M

Value

USD $208.6M

92MW at full build (10MW currently live)

Value

USD $370.8M

Size

19.6ha; lettable area of 904K SF

Power

Cushman & Wakefield was the sole broker for the transaction of Axxess Corporate Park, Mount Waverley, Melbourne for USD $208.6M. At 19.6 hectares and a lettable area of 904K SF across multiple asset classes, Axxess Corporate Park is one of the largest single land holdings in Melbourne’s South -East and represents the largest business park transaction in Victorian history.

Cushman & Wakefield was entrusted to advise the vendor on a major portfolio transaction comprising 50% interest in 20 prime industrial assets. The high quality, stabilised portfolio is located within two pre-eminent logistics estates in Greystanes, NSW and Truganina, VIC and features a WALE and expiry profile optimising access to strong rent reversion over coming years. This transaction represents the largest portfolio trade since 2021.

Size

17,000 SF total building area

Our Logistics & Industrial Capital Markets team in Sydney represented the vendor in the sale of the Fujitsu Western Sydney Data Centre as part of a 50% stake in a premium industrial property portfolio deal worth over USD $331.2M. Acquired by UniSuper, a national superannuation fund, the 20-property portfolio included 12 assets located in the Quarry Industrial Estate in Greater Western Sydney where the data centre is located, and the remainder located in Truganina, Melbourne. The global process identified multiple participants looking to capitalise on a rare, high-quality industrial portfolio offering in Australia, which was underpinned by a strong tenant profile including companies such as Coles, Toll, Northline, Roche, Blackwoods, Symbion, and UPS.

TONY IULIANO International Director Head of Logistics & Industrial, ANZ

DAVID HALL National Director Head of Brokerage Logistics & Industrial, ANZ

CONTACTS

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