Charter Halls’ $115 million capture of an industrial asset in western Sydney is further proof that the industrial market is still alive and kicking as this year’s transactions are set to surpass those of the last financial year.
The 43,000 sqm facility at Lockwood Road, Erskine Park, is being sold off-market by the Kador Group, a Melbourne based private investment company.
It is a good indicator that the post COVID-19 era is getting off to a positive start in the industrial sector with several notable portfolios still on the market.
As excess supply, tumbling valuations and tenants income dropping causes the commercial office sector to struggle in comparison with the industrial market, which, so far, is holding up well, especially towards the higher end of the market.
The mood surrounding the industrial market is fairly positive, considering the unprecedented recent circumstances.
It is thought that this year shouldn’t see too much wavering in terms of market investment, however, the financial implications on the market will more likely become apparent as we approach 2021.