logistics

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.

The supermarket giant will splash $400m expanding in Western Sydney as more companies chase modern facilities.

Limited opportunities and rising land values in the cities are driving industrial real estate investors to seek opportunities in the regions, where rents are rising even faster.

The Singaporean company looks to cash in on the booming logistics sector with bold plans to grow its Australian property portfolio.

Amazon Australia will open its first dedicated sort centre in Craigieburn, Melbourne in time for the busy festive season as the demand for last mile logistics properties grows.