JANDAKOT AIRPORT
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. |
*approximately
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Leading commercial agents Andrew Woodley-Page and Brett Wilkins of RWC WA have been appointed to market for sale the freehold interest in 256 St Georges Terrace, Perth, with price expectations understood to be in the $200 million range. Prominently positioned at the “top of the Terrace” in Perth’s tightly held … Read more