Realterm, an independent global investment manager focused on the transportation industry, has expanded its Sydney portfolio with the acquisition of two major industrial assets in Revesby and Ingleburn.
The acquisitions add about $89 million AU to Realterm’s Australian portfolio, cementing its foothold in Sydney’s highly sought after south-west industrial corridor.
Realterm has acquired a 23,900sqm truck terminal at 5–9 Lancaster Street, Ingleburn, near Campbelltown in Sydney’s south-west.
The site features a 10,900sqm warehouse with drive-through and drive-around capability as well as excess hardstand for truck and trailer parking.
Ingleburn is an established and in-demand logistics market, with the truck site strategically positioned in close proximity to the M5/M7 motorway intersection and the Hume Highway, offering excellent connectivity to Melbourne, outer western Sydney industrial markets, as well as Port Botany.
The Realterm group has also purchased 2A Mavis Street, Revesby for $50 million AU, of-market, which is a prime 27,447sqm Industrial Outdoor Storage site with access to the M8/M5 motorway network.
The site is currently leased to ASX listed business Acrow, which has occupied the site for over 15 years.
The acquisitions increase Realterm’s Sydney portfolio to five assets, reinforcing Realterm’s strategy of aggregating highly functional, hard to replicate industrial assets in infill locations where supply remains deeply constrained.
“Revesby adds a high-quality IOS site supported by compelling property fundamentals, while Ingleburn provides a differentiated logistics facility with strong underlying land value,” said Realterm Fund Manager, Australia, Toni Ryan.
“The addition of these assets strengthens our platform and deepen our exposure to assets that are operationally critical to transport and logistics users.”
Realterm Head of Investments, Australia, Charlotte Brabant, said: “Our pace of deployment reflects both the depth of opportunities we are identifying and our conviction in Sydney’s south-west industrial corridor.
“The fundamentals across rental growth, tenant demand and scarcity of these low site cover sites continue to validate our strategy, and these assets align perfectly with our fund’s objectives.”
Realterm acquires, develops, finances and manages differentiated real estate and infrastructure assets serving land, air, sea and rail networks globally. It currently manages a USD 12+billion, 400+ global property portfolio on behalf of its partners.
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