This article is from the Australian Property Journal archive
PRIVATE equity company Carlyle Group has put 16 industrial properties across Australia on the market.
Colliers International has been appointed as selling agent to sell the properties which Carlyle Group had bought from joint venture equipment hire businesses, Coates and National Hire.
Colliers’ industrial managing director Malcolm Tyson said the company is selling their properties to realise a better return on the business.
“We will be marketing the properties separately, with 14 auctions and two expressions of interest, to ensure the best outcome.
“They have been well received by the market as investors identify the high quality investments, as they all are in high profile locations, all level sites and reflect close to land value,” he added.
Tyson said the positive spread has resulted from falling cash rates and uncertainty of equity, which means real estate is the best investment in the current market conditions.
“The positive spread has not been this significant in 10 years,” he continued.
Two of the 16 properties will be sold as vacant possession with the remaining 14 comprising long-term leasebacks and four are located in New South Wales; three in Queensland; one in Victoria; and seven in Western Australia.
The 16 properties include:
|
Address |
Size |
Agent |
|
96-98 Sunnyholt Road, Blacktown, NSW |
Freehold site of 3,142 sqm, building area of 378 sqm |
Paul McGlynn |
|
Lot 52 Main Street, Wallerawang, Lithgow, NSW |
12,309 sqm site, building area approx. 324 sqm |
Matthew Neale |
|
22 Wallarah Road, Musswellbrook, NSW |
4,756 sqm site, building area approx. 523 sqm |
Trent Robertson |
|
55 Five Islands Road, Port Kembla, NSW |
Vacant possession, site area 708 sqm |
Emil Novak |
|
55 Mt Thorley Road, Mt Thorley, Singleton, NSW |
4,303 sqm site, building area approx. 262 sqm |
Trent Robinson |
|
203-209 Farrelleys Road, Mackay, QLD |
Vacant freehold block 7,815 sqm |
Greg Chappell |
|
203-209 Farrelleys Road, Mackay, QLD |
2.18 ha site, and 3231 sqm building area |
Greg Chappell |
|
55-61 Meakin Road, Meadowbrook, QLD |
2.48 ha site, 3,007 sqm building area |
Simon Beirne |
|
120-150 South Gippsland Highway, Dandenong South, VIC |
42,170 sqm site, 8,144 sqm building area |
Barry Marks |
|
Lot 2071 Harris River Road, Collie, WA |
3,581 sqm site, and 413 sqm building area |
Greg O’Meara |
|
78 Great Eastern Highway, Kalgoorlie, WA |
1.15 ha site, and 1,746 sqm building area |
Greg O’Meara |
|
2 Clianthus Street, Kambalda, WA |
6,183 sqm site, 668 sqm building area |
Greg O’Meara |
|
429 Paterson Road, Kwinana, WA |
2.63 ha site, and 2,239 sqm bldg area |
Greg O’Meara |
|
Lot 1606 Laver Street, Newman, WA |
3,550 sqm site, and 508 sqm building area |
Greg O’Meara |
|
Lot 1411 and 1412 Wilson Road, Port Hedland, WA |
7,239 sqm site, and 1,663 sqm building area |
Greg O’Meara |
|
Lot 28, Boondaroo Road, Tom Price, WA |
3,516 sqm site, and 402 sqm building area |
Greg O’Meara |
Australian Property Journal
