Renewable and electric technologies and other sustainable industries will underpin the future demand for industrial property,according to a new report by a leading real estate services company.
Industrial property owners will likely be the standout performers in the reporting season which kicks off in earnest next week for the Australian real estate investment trust sector.
Centuria Industrial REIT has posted a good half-year result considering the tough environment for property trusts and has lowered its debt with asset sales.
The partnership will result in the Morgan Stanley vehicle acquiring a 50 per cent stake in eight Centuria Industrial-owned assets for $180.9 million.
Industrial deals are being driven by tenants who are stockpiling items in the lead-up to the busy Christmas shopping frenzy to avoid disruption from the ongoing supply chain issues,according to leading deal makers.
The launch of property giant Stockland’s $2 billion-plus data centre precinct in Sydney’s north-west is a reflection of how this infrastructure IT sector has gained significant interest from real estate investors.
The spectre of higher interest rates and the exit from pandemic lockdowns has done little to temper demand for prime industrial property in the eastern seaboard capitals.
An ordinary looking shed tells the story of Australia’s pandemic property market.
Centuria Capital Group has surpassed the $5 billion level of asset ownership in the booming industrial property sector at a time when investors from overseas are also competing to establish a presence in the local market.
Demand for warehouses,cold storage and distribution centres is riding high,with $1.81 billion worth of assets changing hands across two portfolios.
Listed property trusts in the challenged office and discretionary retail sectors are trading at discounts not seen since the global financial crisis.