Frasers Property Industrial sells five Melbourne logistics assets to ESR-REIT units for A$288.6 million
XLRE•Portfolio details and occupancy
The portfolio totals about 1.3 million square feet of gross lettable area, running at 90% occupancy with a 3.2-year WALE.
Assets are modern logistics and warehouse facilities across Melbourne industrial submarkets including Truganina, Derrimut, and Keysborough.
Frasers Property Industrial sells five Melbourne logistics assets
Frasers Property Industrial sold five freehold industrial assets in Melbourne to ESR-REIT subsidiaries for gross A$288.6 million.
Net purchase consideration totaled A$276.8 million, reflecting a 7.77% premium to the latest book valuation.
