Industrial Real Estate

Deals are taking longer. Some are falling over. Buyers are chipping. It’s the same story almost right across commercial real estate.

Sydney property group VIMG has paid $21.45m for the former Big W distribution centre in Monarto, and has started its search for tenants to occupy the mammoth 65,000sq m facility.

The country’s largest pure play last-mile logistics operator is planning to double its empire.

Four times as many people are employed at a North Geelong business park than when the last manufacturers closed there in the early 2000s.

Luxury entrepreneur Tim Gurner is set to transform an Australia Post building owned by a local storage company into a $1.25bn mixed-use precinct.

Industrial real estate has undoubtedly benefited from the COVID-19 pandemic. In early 2020, demand surged in response to the boom in e-commerce triggered by lockdowns. Now, two years on, demand continues to rise, as logistics networks adapt to ongoing supply chain disruptions.

The RSPCA is selling its South Australian headquarters and two other Adelaide properties to help raise funds for its new $26 million animal care campus.

One of Australia’s biggest homemaker centres is up for sale, with its huge landholding and future as both a retail and industrial hub expected to be a strong drawcard.

The coming Western Sydney airport has turned the suburb of St Marys into a red hot market for property investors, with an unlikely property attracting jaw dropping buyer interest.