Industrial Real Estate

The number of forced commercial property listings has spiked in Melbourne, driven by lower confidence in the retail sector and a series of residential developers collapsing into administration.

US private equity group Blackstone is close to selling about $350 million worth of assets occupied by cold storage operator Emergent Cold in one of the year’s largest industrial property plays.

Transport and distribution companies continue to drive demand in Queensland’s industrial property sector, with construction on a new corporate park at Caboolture fast-tracked to keep pace with the interest.

A development in Sydney’s western suburbs mooted as the next major Amazon facility has won approval, with supermarket giant Coles already slated to move into the estate being developed by Goodman and Brickworks.

The former Masters property empire, now known as HomeCo, is set to list on the ASX in October after raising $300 million from investors keen to back the company’s growth alongside some of the country’s wealthiest families.

Commercial interest in the growing southeast Queensland region of Logan is on the rise with multinationals, led by Google parent Alphabet, and local companies committing more than $100 million to the area over the past year.

The new owners of Boral’s former brickmaking site in Perth will trim the size of the operation to make way for a mixed-use industrial and residential offering.

A self-storage facility occupying part of the historic Cyclops toy factory in Leichhardt could soon become an apartment complex after coming up for sale.

A Geelong West warehouse has smashed its auction reserve price by more than $1 million, showing the level of confidence in the commercial property market.