The INDUSTRIALIST

Slacks Creek industrial site sold for $3.8 million by RWC Gateway A large Slacks Creek industrial site at 28-34 Allgas Street, Slacks Creek sold by RWC Gateway agents Peter Laoudikos, Ben Sands and Lachlan Holliday for $3.8 million. “The property presented a rare and exciting opportunity with dual truck access points and over 110sqm of street frontage in Slacks Creek,”Peter Laoudikos said. A decommissioned batching plant, the property was sold vacant, providing an excellent chance for investors, owner occupiers, tenants, or developers to take advantage of such a large site in a busy and growing industrial precinct, he added Read more on The Industrialist - https://lnkd.in/gYnQQXq6 Jack Gwyn Jared Doyle Liam Coughlan Alex Lewis Madeline McDonagh Marc Zietsman Izaack Powell AJ Calvet James Linacre Leteicha Wilson Vanessa Rader #queenslandrealestate #queenslandmarket #industrialrealestate #industrialmarket #industrialsite #rwc #rwcgateway #raywhitecommercial #industrialland

Record-breaking deal at $30 million quietly sets new benchmark in South Sydney The property, a meticulously designed warehouse conversion known as The Foundry at 39 Collins Street, Alexandria reportedly sold by X Commercial for a record-breaking $15,000 per square metre. The deal, rumoured to be brokered by Daniel O’Brien, CEO of X Commercial was completed recently and reached a staggering $30,000,000, some 50% above market expectations. When contacted, Daniel O'Brien declined to comment on the specifics of the transaction, maintaining the confidentiality that defined this deal. His only comment was “Anything in South Sydney and the City Fringe that is over 1,000sqm and currently vacant, I have several qualified buyers with $10-50M to spend right now. The trick is finding them stock to acquire.” However, market insiders confirm that the sale was negotiated with an owner-occupier, reflecting the strong demand for top-tier commercial properties in Sydney. The unprecedented price has set a new benchmark for South Sydney, poised to impact valuations and inspire confidence among commercial property owners in the area. Read more on The Industrialist - https://lnkd.in/gpUXfNi6 Daniel O'Brien David Brown Alex Bennett Gary Vouris Osman Omar Marcus Schraag Charlie McKenzie Angus Morrison Leo Romero Nelson Ferreira Bill Omar Tim Morrison Justin Rose Tony Crane George Carydis Lachlan Palm #sydneyrealestate #sydneymarket #industrialrealestate #industrialinvestment #xcommercial #industrialland #industrialleasing #warehouse #southsydney

Australia set to run out of industrial land by 2029 - Cushman & Wakefield Amid resilient land absorption volumes in recent years and a predicted uplift in demand, Cushman & Wakefield modelling shows there is just five years of Australian industrial land supply. “While signs of an industrial land shortage were evident in 2021 and 2022, economic uncertainty over the past two years has masked this issue. With demand expected to increase and the economic growth outlook improving, the true extent of the undersupply is becoming clear.” Overall land stocks may appear abundant on paper, the reality is that a large portion of this land is either unserviced, held by inactive owners or located in periphery precincts. With a shortage of developable parcels, we’re likely to see more redevelopment of infill sites, which could include multi-storey developments." said Luke Crawford, Head of Logistics and Industrial Research, Australia at Cushman & Wakefield. David Hall, National Director, Head of Brokerage Industrial & Logistics, ANZ at Cushman & Wakefield said, “Since 2020, almost $1.8 billion of industrial land has traded to data centre operators in Sydney alone. These transactions have effectively removed over 135 hectares of industrial land from the Sydney market, and demand from these operators shows no signs of abating.” Read more on The Industrialist - https://lnkd.in/gTMrS5GD Tony Iuliano Adrian Rowse Chris Jones Charlie Holmes Tim Foster Aston Dalfonso Dean La Delfa Matt Richards Jake Savery Andrew Fife Carl Pearce Alistar Siokos Emma Quill Matthew Simmon Nick Sharkey Kieran Tsipidis #CushWake #CushWakeCapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #IndustrialResearch #australiarealestate #australiamarket #industrialrealestate #industrialmarket #industrialland #industrialdevelopment #supplychain #logisticsrealestate #cushwakeindustrial #industrialandlogistics

Australia’s national industrial and logistics vacancy rate lifts to 2.5% - CBRE   Australia’s national average industrial and logistics vacancy rate has increased to 2.5% in the second half of 2024 but remains one of the lowest levels globally, CBRE’s H2 2024 Australia’s Industrial and Logistics Vacancy Report showed. Vacancy rates for H2 2024 sit at 2.1% in Sydney, 2.8% in Brisbane, 1.6% in Adelaide and 1.4% in Perth. 
CBRE’s Head of Industrial & Logistics and Data Centre Research Australia and Director of NSW Research, Sass Jalili noted the vacancy rate data aligned with expectations of increases across all markets while remaining below the 4% ‘equilibrium’ level. Michael O'Neill Regional Director Pacific Industrial & Logistics and Managing Director of Western Sydney said there was increased confidence from both investors and occupiers in the second half of 2024. “Throughout 2024, face rents have remained stable, though there has been upward pressure on incentives across all markets. “The letting up period in nearly all markets has increased by three to six months, but it’s encouraging to see that take-up has improved significantly. Sydney: CBRE’s National Director, Industrial & Logistics Cameron Grier said Sydney’s vacancy remained stable throughout the year. Melbourne: In the second half of 2024, vacancy rose across all Melbourne precincts. CBRE State Director Tom Murphy said Melbourne’s average vacancy rate was 3.6% with the West precinct having the highest vacancy rate, which contributed just over half of Melbourne’s total vacant floor space. Brisbane: CBRE State Director Matthew Frazer-Ryan said the 2024 calendar year was characterised by weaker occupier demand, compared to the buoyant previous years, as evident by lower take-up levels. Perth: Perth vacancy is the lowest in Australia, with an increase of just 0.2 percentage points in the second half of 2024. CBRE Senior Director Jarrad Grierson noted that development completions in the second half of 2024 were above average which contributed to the vacancy increase. Adelaide: Adelaide recorded the second lowest vacancy rate in the country, with just a slight increase in the past six months. CBRE State Director Paul McKay noted vacancy increased in all precincts except in the West and North West which recorded declines of 0.9 percentage points and 0.4 percentage points respectively. Read more on The INDUSTRIALIST > https://lnkd.in/g9TacETC CBRE Asia Pacific John Micallef Todd Grima Moshe Greengarten Cass Applebee Nathan Grima Aaren Tilly Matthew Marenko Jack McCormack Rory Stanton Joel Phillips Harry Kalaitzis Tim Slater Sam Mcilwaine Joanne Brown Anthony Forcella David Su Natalie Krivohlavy Mackenzie Warfield Adam Tresidder #cbre #industrialrealestate #australianrealestate #industrialleasing #industrialinvestment #logisticsrealestate #industrialland #industrialdevelopment #cbrereasearch

Adelaide’s inner west Thebarton Square sold for $22m by Knight Frank Australia   A 14,510sq m site that was the former Thebarton campus of the University of Adelaide Thebarton Square sold negotiated by Ryan Mills and Max Frohlich of Knight Frank Australia to a local private investor from KM Property Funds. Ryan Mills said Thebarton Square was an iconic site in Adelaide and being 90% occupied with a WALE of 1.9 years (by income), provided significant holding income to the buyer, however the major attraction was the high underlying land value in a city fringe location undergoing significant gentrification. Max Frohlich said the sale of Thebarton Square further demonstrates strong demand for industrial assets of scale in Adelaide. Read more on The INDUSTRIALIST > https://lnkd.in/g62DgpZa James Templeton Chet Al Chris Clemente Casey Clements Rebecca Hammond Caitlin Mihalopoulos Bobbette Scott Sarah Clark Melanie Rusk-Dunn Taylor Wardle Vanessa De Groot Tom Davis William Kitchen Mario Papaleo Ovi Marcus Carolyn Ashby Martin Potter David Favretto Simon Bruno Monica Jenkins Stuart Gill Ryan Korda Will Brassil Niko Koutsouvelis Lyle Montgomerie Jeremy Roland Scott Gilbert Luke O'Donnell Casey Clements Nick Crockett Chris Clemente Jasper O’Toole #industrialrealestate #industrialinvestment #realestate #adelaiderealestate #industrialleasing #southaustraliarealestate #knightfrank #industrialdevelopment #industrialland

Business supplies group new headquarters at ESR Australia & NZ’s Reservoir Business Hub CBRE Warehouse 5 at ESR’s Reservoir Business Hub leased to A business supplies group, negotiated by CBRE’s Corey LeFavi and Joe Brzezek on behalf of ESR Australia & NZ. “This transaction shows the growing trend of expanding industrial businesses that are seeking high clearance facilities below 4,000 sqm to take advantage of the improved cubic meter capacity which is not seen with typical prime and secondary grade facilities within this size range,” Joe Brzezek added. Read more on The INDUSTRIALIST > https://lnkd.in/gcCJ-HM3 Philip Pearce David Timso Craig Robertson Christopher Munro Brendan Delahunty Tom Watson Robert Ewing Gavin Potts Susan Manners Laureen Arcilla Daniel Eramo Jake George Kai Owens Sam He Tiffany Gyft ESR Group Scott Falvey Steven Haigh Nicholas Morse Mandy Spek Jamie Smith Camilla Bradley Todd Grima Cameron Giles Michael O'Neill #cbre #industrialwarehouse #esr #industrialleasing #industrialrealestate #melbournerealestate #melbournemarket #industrialinvestment #esraustralia #industrialdevelopment #industrialland

JLL unveils comprehensive industrial vacancy data across Australia's major markets JLL has released its latest and most comprehensive industrial vacancy figures for Q3 2024, now spanning Australia’s three largest markets – Greater Sydney, Melbourne, and Brisbane. JLL Head of Strategic Research – Australia, Annabel McFarlane, said, “Industrial vacancy edged up in most Melbourne and Sydney precincts over the quarter as mixed demand results were outweighed by well above average volumes of new stock delivery.” Read more on The INDUSTRIALIST > https://lnkd.in/gTZhNp3Q Richard Phillips Sandy Ng Peter Blade (JP) Greg Pike Matthew Lee #jllaus #jllresearch #jll #jllnews #indsutrialrealestate #industrialnews #industrialmarket #realestate #industrialleasing #industrialdevelopment #industrialconstruction #logisiticsrealestate

Prime Ingleburn site sold to Complete Metal Industries - Cushman & Wakefield A 2042.31 sqm site at 15 York Road Ingleburn NSW sold to Complete Metal Industries (CMI), negotiated by Aston Dalfonso and Dean La Delfa of Cushman & Wakefield’s Executive Brokerage Logistics & Industrial – Sydney South West. “The swift nature of this transaction and the strong land rate achieved reflect the ongoing demand for industrial sites in Ingleburn. Dean La Delfa said "With minimal on-market sale campaigns, we’re seeing strong demand from owner-occupiers and developers actively searching for opportunities. There are also several off-market options available in the outer southwest, offering unique opportunities for those ready to act quickly." Read more on The Industrialist - https://lnkd.in/g3RsPKan Tony Iuliano Eliza Dedman Carl Pearce Nick Mallett Tom Barnier David Norman #cushwake #Industrialrealestate #industrialmarket #sydneyrealestate #sydneymarket #industrialinvestment #industrialwarehouse

First speculative development at Mirvac’s Aspect Industrial Estate leased to BDynamic Logistics by CBRE Warehouse 3 at Mirvac’s Aspect Industrial Estate leased to Mamre Road Precinct BDynamic Logistics negotiated by CBRE’s John Micallef, Todd Grima, Moshe Greengarten, and Cameron Grier. John Micallef said the lease, secured for seven years, underscores the growing demand for high-quality industrial spaces in strategic locations. Read more on The INDUSTRIALIST > https://lnkd.in/gJwVeCYQ Daniel Brook Stephen Foster Michael O'Neill Chris O'Brien Stephen Haines Kurt Muller Luke Menezies Pat Forbes Todd Grima Grace Zangari B dynamic Logistics B dynamic Group Mangala (Mal) Siriwardhane Adam Quinn Umeshika Dilrukshi Perera Simi Taumalolo Brett Carrigan Campbell Hanan Scott Mosely Stuart Penklis Nathan Egan Fraser Pearce Nicholas Zenonos Matthew Alessi #cbre #industrialrealestate #sydneyrealestate #sydneymarket #industrialmarket #industrialestate #industrialinvestment #industrialandlogistics #logisticsrealestate #industrialproperty #industrialdevelopment #industrialleasing #industrialconstruction #mirvac

Melbourne's South East Industrial market shows resilience - Colliers Melbourne's South East's industrial and logistics sector continues to demonstrate resilience despite broader economic challenges such as higher inflation, rising funding costs, and slowing economic growth.  James Stott, National Director | Industrial & Logistics, said, "Melbourne's South East's industrial market is characterised by tight vacancy rates of only 1.35% compared with total Melbourne vacancy of 2.6%, driven by the limited land supply and a weak speculative pipeline, which have been essential key factors maintaining a stable rental growth." Luke Lowden, Associate Director | Industrial & Logistics, commented, "The upcoming supply pipeline is expected to provide a welcomed relief for occupiers, offering more competitive tension and choices in the marketplace. It will also provide much-needed options for occupiers, fostering a more dynamic and competitive market environment." Edward Fanning, Executive | Industrial & Logistics, added, "We expect this market to generate increasing interest as these buildings are practically delivered, with the gross occupancy discount compared to the core South East becoming increasingly compelling."  Reaad more on The Industrialist - https://lnkd.in/gc9aSxg6 Gavin Bishop Taylor Bass Nick Evans Jessica Evans Charlie Woodley Stephen Ryan Ned Walmsley Anthony Ongarello Joel Cattell Paul McGlynn Trent Gallagher #colliers #realestate #realestatemarket #melbournerealestate #melbournemarket #industrial #logisitics