logistics

Billions of dollars worth of industrial property is on the block as the boom in logistics rolls on, with big companies taking up space in huge distribution centres.

The best properties are now the small warehouses that give e-commerce players the edge in delivering faster to customers.

The Asian warehousing giant is snapping up a $143m parcel that will be developed into a major distribution facility.

The offer of a stake by the National Pension Service of Korea in 20 properties controlled by Dexus could set a fresh benchmark in the hot sector.

Once a small part of the sector, last mile delivery is increasingly crucial to industrial property.

The deal on a pair of properties in Sydney and Melbourne is one of the largest portfolio trades in industrial property this half.

To develop this type of Cambridge asset in today’s environment would be a challenge, leaving little wonder why it — and two like it — have been snapped up.

For commercial property players, there’s plenty to like about the new federal budget, which will boost the childcare, healthcare and industrial sectors, encourage planning reform and prove our fiscal strength to overseas investors, experts say.

The budget provides targeted relief to those who need it most, with a focus on housing, improving access to childcare and healthcare.