Case Studies

JANDAKOT AIRPORT, Western Australia


Jandakot Airport is the second busiest airport in Australia with a major industrial precinct surrounding it.

Spanning 620 hectares 20km south of Perth the purchase included 49 fully leased properties to 54 tenants over 360,000sqm* of buildings with a 7.6 year WALE. There is an additional 80 Ha of development land.

The holding is on a 99 year ground lease with 76 years remaining at purchase.

Sale Analysis
Sale Price:$1.3 billion
Sale Date:October 2021
NLA Area:360,000sqm*
Land Area:620 Ha
Yield – Leased:4.65%
Price – Investments$875 million
Price – Development land$225 million
Price – Airport Operations$200 million
Vendor:Ascot Capital
Purchaser:Dexus & APN Industria REIT
Sales Process:Brett Wilkins was mandated by Dexus to acquire a WA Industrial portfolio which was negotiated off-market with Ascot Capital.


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