Jandakot Airport is the 2nd 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 Price:||$1.3 billion|
|Sale Date:||October 2021|
|Land Area:||620 Ha|
|Yield – Leased:||4.65%|
|Price – Investments||$875 million|
|Price – Development land||$225 million|
|Price – Airport Operations||$200 million|
|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.|