Goodman has sold a major industrial estate in Western Sydney for A$127.5 million ($tk million) in an off-market transaction, according to The Urban Developer.
Sydney-based BKC has partnered with MEC Global Partners Asia, the Asia Pacific investment arm of Mitsubishi Estate, to acquire the Smithfield asset, about 30 kilometers (19 miles) west of the Sydney Central Business District. The property, at 3 Herbert Place, includes a 28,746-square-meter (309,419-square-foot) multi-tenant warehouse and logistics facility on a 73,900-square-meter (795,453-square-foot) freehold site. The estate is fully leased to tenants including Fluidra Group Australia, Kingspan Water & Energy and Monde Nissin Australia.
The property was sold by a Goodman-managed fund as part of Goodman’s ongoing capital recycling program.
BKC and MEC Global Partners Asia said the acquisi
