This article is from the Australian Property Journal archive
THE Industria REIT has completed a number of leasing deals totalling over 6,000 sqm.
At Rhodes Building C, DHL Supply Chain has signed a nine-year lease over 1,860 sqm. The logistics company is also a tenant in IDR’s neighbouring asset – Building A – with an August 2018 expiry over 1,600 sqm and will vacate these premises in mid-2017 to move to Building C. Terms have been agreed with another party to backfill the existing DHL Supply Chain premises from October 2017, resulting in minimal downtime from a relatively near term expiry.
Within the Brisbane Technology Park, IDR has renewed BTP Services over 1,640 sqm at 7 Clunies Ross Court and a 540 sqm of vacancy at 8 Clunies Ross Court is being leased.
Fund manager Alex Abell said these leasing results will underpin the trust’s earnings growth moving into FY18.
“In addition to continuing to create value and income security across the existing portfolio, we are well positioned to execute on selective acquisition opportunities, should they meet our criteria of owning real estate that generates long term sustainable income returns,” he added.
Australian Property Journal
