Macquarie Goodman has exchanged contracts on the sale of $30.7 million worth of industrial properties in Melbourne's south-eastern suburbs.
The sales involve 14-17 Dansu Court and 12-13 Dansu Court, Hallam, as well as 39-45 Wedgewood Road, Hallam. All buildings are fully occupied.
According to Macquarie Goodman fund manager Nick Kurtis sale of the industrial investments are part of the group’s divestment strategy for its Hallam holdings.
“The proceeds will be used to repay debt in the short term and will be reinvested in more superior assets over the medium term,” Kurtis says.
Kurtis added that Macquarie Goodman hold three remaining industrial properties in the Wedgewood Business Park, which are expected to be sold in the coming months.
The sales were negotiated by CB Richard Ellis’ Matt Haddon; Knight Frank’s Graham Hemingway and James Templeton; and FPD’s Grant Weine.
Macquarie Goodman also announced a number of major leasing deals including 3548 sqm to APFB at the Slough Business Park in Silverwater Sydney. APFB have taken a 10 year lease at a rate of $110 per sqm per annum; and a 6625 sqm lease to Coles Myer for 10 years at its Arcadia Industrial Estate in Coopers Plains in Queensland.
