The leasing of Milton's Fifth Line Business Park was chosen as the Industrial Lease of the Year in this year's 22nd Annual REX Awards. Congratulations to Samantha Sukumar and Kyle Hanna who helped broker the transaction! https://lnkd.in/ey6idXea #REXAwards2024 #Industrial #TorontoRealEstate
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📈 Fascinating insights on the U.S. industrial market from CoStar Group. In April and May 2024, new industrial leases surged by 30% year-over-year, marking the first major quarterly increase in three years. Dallas-Fort Worth stands out among the leaders, driven by diverse tenants like third-party distributors and EV component manufacturers. This rise in leasing activity highlights the region's dynamic growth and pivotal role in the industrial sector. As businesses upgrade to state-of-the-art facilities, DFW's strategic importance continues to grow, underscoring its attractiveness for innovative logistics and distribution operations. 🚀 #IndustrialRealEstate #DallasFortWorth #Leasing #Logistics #Growth https://lnkd.in/gd5d3BYR
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LEASED ‘OFF THE PLAN’ | 3,200SQM WELSHPOOL FREESTANDER | 10 YEAR LEASE Acting on behalf of Westbridge Funds Management, Cushman & Wakefield’s WA Logistics & Industrial division would like to announce a landmark industrial leasing transaction within the inner eastern industrial market, securing Rackman Australia on a 10-year commitment at 11-13 Colin Jamieson Drive Welshpool. The property which was leased off the plan, will upon completion comprise of a 3,200sqm high clearance freestanding industrial warehousing facility, and is now under construction and being built by WA based Sarich Building. Having originally sold the site to Westbridge Funds Management, we are delighted to have assisted in driving additional value for their investors via this repositioning strategy and extend a huge thanks to Alex Lambert and his wider team for their support and assistance in this transaction. Welshpool and adjacent core eastern and inner southern submarkets have emerged as focal points for industrial occupier activity, and we hold a robust view that the narrative of rental growth will persist in 2024, supported by the outperformance of the market in terms of take up over the last 12 months and the strong commercial outcome of this specific transaction. Please reach out to myself or any of the Cushman & Wakefield WA industrial brokerage team members below: Andrew Fife Ross Palframan Alec Di Lollo Emma Quill Edward Mount Melissa Haines #cushwake #cushwakeindustrial #brokerage #industrial #warehouse #warehousing #industrialleasing #industrialsales #logistics #warehouse #opportunity #team #vacancy
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SOLD | $48,250,000 | 125-175 Patullos Lane, Somerton VIC On behalf of our valued Vendor Acure Asset Management Limited, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate Cadence Property Group on the successful acquisition 125-175 Patullos Lane, Somerton, VIC for $48,250,000. The asset sold fully occupied by Steel Mains – Australia’s largest manufacturer and supplier of water pipeline systems, providing a strong lease covenant, secure income and a WALE of 6.8 years by income (as at November 2023). One of the key investment highlights was the ability to acquire an asset significantly underpinned by land value. The property is strategically located in the growth corridor of Melbourne’s North, immediately adjacent to the Hume Highway being approximately 20 radial kilometres from the Melbourne CBD with seamless connectivity to the broader arterial network. The location offers links to key infrastructure in the Melbourne Airport (12km*) and the Port of Melbourne (26km*), most notably via direct rail link and connection with the Port Rail Shuttle Network. The asset sold via a Private Placement campaign and attracted interest from a wide cross section of buyers due to the strong tenant covenant, high underlying value and reversionary upside. For further information on this transaction or to request a sales analysis, please contact Chris Jones (+61 477 881 882), Tony Iuliano (+61 412 992 830) or Adrian Rowse (+61 414 836 817). #CushWakeCapitalMarkets #Cushwake #Capitalmarkets #Industrial #Logistics #Industrialandlogistics #Investments #Brokerage
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Industrial facilities ranging from 100,000 to 249,000 sf in Greater Boston experience a rise in their share of leasing activity Read more: https://lnkd.in/eB_8WFbW 📈 In the Greater Boston industrial market, facilities ranging from 20,000 to 99,000 sf are emerging as key drivers. Leasing activity in this segment has surged to a four-year high of 68% in Q1 2024, up from 38.9%. #Boston #Industrial #AVANTbyAY #AYdifference
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For two seemingly unrelated commercial real estate issues, there is a very important relationship between lease expiries and building equipment life-cycle CAPEX. #realestate #realestateinvestment https://lnkd.in/eMN6Wpkf
Have you ever consider what, if any, relationship there might be between lease expiries and the anticipated life-cycle of building equipment? When they do align it typically provides for an opportunity to go through a major rehab or repositioning exercise. Further, if there is an indication there is some alignment then it may help to guide on the lease duration for any new leases to ensure the building will be more-or-less vacated at the time of any major repositioning or redevelopment. #realestate #realestatedevelopment #repositioning #capex #leaserenewal #leasemanagement
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ARA Europe, the European platform of ESR Group, has sold the #investment of Block 13 Delta Way at Gloucester Business Park - ARA Europe. The vendor was advised by Adrian Rowley and Oli Stretton from our #Gloucester and #Bristol investment teams. The multi-let industrial estate was acquired by Wulff Capital Holdings for £2.1 million. Adrian Rowley said: "The disposal reflects the strength of Gloucester's industrial investment market. Opportunities remain highly desirable, with the market being driven by strong occupier demand, a lack of available stock and limitations on speculative development. The secondary market has experienced rapid rental growth over recent years and this is anticipated to continue as existing stock continues to erode." Great working with Edward Amery at ARA Europe and Ben Cowles at Wulff Capital on this deal. https://lnkd.in/eksU5azv
Gloucester Business Park industrial investment sold for £2.1 million
https://www.alderking.com
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SOLD | $92,000,000 | 13-19 William Angliss Drive, Laverton North VIC On behalf of our valued vendor, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate KM Property Funds on the successful acquisition of 13-19 William Angliss Drive, Laverton North VIC for $92,000,000. The asset comprises a major industrial estate in the highly coveted and tightly held infill precinct of Laverton North in Melbourne’s West. Situated on a 12.1 hectare landholding with dual street frontages are three high quality office warehouse facilities plus 1.62 hectares of development land able to be immediately activated. The asset sold 100% occupied by two tenants, reflecting a WALE (by income) of 5.3 years. The current passing income profile equates to approximately 27% below the assessed market rental, offering significant reversionary upside in the medium-term. The asset sold via an International Expressions of Interest campaign and attracted interest on a local, national and international level given the strong underlying tenant covenant, future reversionary upside, and the ability to access the surplus land immediately. The sale represents one of the larger individual transactions this year within Victoria and highlights the ongoing demand for scale within the sector, particularly where the potential to further enhance returns exists. For further information on this transaction, please contact Tony Iuliano (+61 412 992 830), Chris Jones (+61 477 881 882) or Adrian Rowse (+61 414 836 817). Gary Hyland Nick Goodridge Charlie Holmes Brendan Harrison Oliver McIntosh Jack Shearer Vivian Nguyen Bronte Senn Sarah Baker #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia *in conjunction with JLL
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