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ESR Australia Expands Exposure of EALP II in key Victorian locations

19 July 2022

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  • ESR Australia Logistics Platform II (EALP II) has deployed A$106.5million, reflecting a weighted average capitalisation rate of 4.46% to acquire well-located core and core-plus income-producing assets in five strategic locations
  • A 15,390sqm property at 9-13 Annick Crescent, Truganina, was acquired for A$16.2 million
  • A 22,850sqm property at 147-153 Canterbury Road in Kilsyth was acquired for A$22.2 million.
  • A 19,472sqm property at 321-327 Greens Road, Keysborough, is a fully leased unit estate and was acquired for A$25.0million.
  • A 10,914sqm property at 4 Healey Road, Dandenong South, was acquired for A$15.0million.
  • Two sites in Turner Street within Melbourne’s premier infill logistics market of Port Melbourne were acquired as a parcel for A$28.1 million

To read the full story in the AFR click here.

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