Frasers Property Industrial sells five Melbourne logistics assets to ESR-REIT units for A$288.6 million
Reuters2026/07/30 02:58- Frasers Property Industrial sold five freehold industrial assets in Melbourne to ESR-REIT subsidiaries for gross A$ 288.6 million.
- Net purchase consideration totaled A$ 276.8 million, reflecting a 7.77% premium to the latest book valuation.
- Portfolio totals about 1.3 million square feet of gross lettable area, running at 90% occupancy with a 3.2-year WALE.
- Assets are modern logistics and warehouse facilities across Melbourne industrial submarkets including Truganina, Derrimut, Keysborough.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
