* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Blackstone Buys Sydney Logistics Complex From Charter Hall for $39M 

April 30, 2024
in Technology
Blackstone Buys Sydney Logistics Complex From Charter Hall for $39M 
Share on FacebookShare on Twitter

133 Vanessa Street

Charter Hall had acquired 133 Vanessa Street in 2019 for A$37 million (Image: Colliers)

Blackstone has acquired a south Sydney industrial complex from Charter Hall for A$55.75 million ($39.4 million), according to sources familiar with the transaction, as Australia’s logistics real estate market continues to show opportunities for rising income.

Colliers and CBRE, which acted as joint sole agents for the sale of 133 Vanessa Street in Kingsgrove, a suburb 13 kilometres southwest of Sydney’s central business district, announced late last week that the two-building estate had been sold to an unnamed global investor looking to keep the asset for the long term.

Market sources who spoke with Mingtiandi identified that global investor as Blackstone, which snapped up the asset from ASX-listed Charter Hall. Jason Edge, CBRE’s national director of capital markets for industrial and logistics in Australia, touted the property’s prime location within an industrial estate near the city centre and its opportunities for leasing uplift.

“The asset and lease structure allows the purchaser access to significant rental reversion, allowing them to take advantage of the strong Sydney industrial fundamentals, including strong tenant demand, historic low vacancy and ongoing stable rental growth,” Edge said in response to Mingtiandi’s queries on Tuesday.

Value Jumps 50% in Four Years

Trent Gallagher, national director for property sales and leasing with the industrial and logistics division of Colliers, described the property as semi-modern and said it is currently occupied by three tenants with the weighted average term to lease expiry standing at less than a year, opening up opportunities for its new owner to boost rents.

Chris Heady, head of Asia real estate at Blackstone

Chris Heady, head of Asia real estate at Blackstone

“This is a value-add rental reversion play. The short leases mean the incoming buyer can increase rents,” Gallagher told Mingtiandi on Tuesday via email. He also pointed to the property’s accessibility to central Sydney, in an up and coming industrial hub, as a primary value driver.

“Kingsgrove is a very strong infill location. It’s the first stop off the M5 motorway from Alexandria so it’s a market that benefits greatly from tenant migration moving from South Sydney where market rents for industrial are $500 per metre net and Kingsgrove is more like $300 per metre net,” he added.

Charter Hall had acquired the logistics hub for A$37 million in October 2019, based on previous records from Colliers, putting Blackstone’s acquisition at a more than 50 percent markup from that deal less than four years ago. Colliers and CBRE both declined to comment on the identities of the buyer and seller, while Blackstone and Charter Hall had not yet responded to inquiries by Mingtiandi by the time of publication.

The transaction values 133 Vanessa Street at A$4,255 per square metre of its 13,102 square metres (141,029 square feet) of net lettable area. Average capital values for prime industrial properties Sydney-wide, ranged from A$4,010 to A$5,280 per square metre in the first quarter, based on the latest market report by Colliers.

Underpinning the strong outlook for Kingsgrove, Colliers’ Gallagher said the precinct surrounding 133 Vanessa Street currently boasts zero percent vacancy and remains a tightly held market.

Data from the property agency shows industrial hubs in southwest Sydney accounted for 60 percent of the 118,000 square metres of industrial space leased in the market during the first quarter, with rents inching (2.54 centimetres) upward 0.9 percent during the period, compared to the preceding three months.

Back in the Market

Blackstone acquired its Sydney shed as the firm’s chairman and chief executive Stephen Schwarzman said during the company’s earnings call in January that the firm plans to acquire more properties globally this year.

With more than $65.2 billion in capital ear-marked for deployment under its real estate strategies, the company pledged to snap up more assets in the coming months, including in Asia, where most of its latest real estate fund dedicated to the region remains uninvested.

Blackstone made its Sydney shed buy as the company jostles to acquire Aussie data centre giant AirTrunk, with local media reporting in March that the fund manager had engaged Morgan Stanley and another unnamed investment bank to manage its bid in what is expected to be an A$15 billion transaction.

Should Blackstone succeed in shouldering aside reported rival offers from DigitalBridge, KKR, Brookfield and GIP, it would gain control of AirTrunk’s 11 hyperscale data centres across its home country, Japan, Singapore, Hong Kong and Malaysia which represent more than 1.4 gigawatts of total capacity.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/logistics/blackstone-buys-sydney-logistics-complex-from-charter-hall-for-39m/

Tags: BlackstoneSydneytechnology
Previous Post

HSBC CEO Stepping Down in Surprise Move and More Asia Real Estate Headlines

Next Post

Raspberry Pi 5 vs. Intel N100 mini PC comparison

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025
How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

October 2, 2025
Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

October 2, 2025
Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

October 2, 2025
Times/Siena Survey: Americans Worry Divisions Cannot Be Overcome – The New York Times

Americans Fear Deep Divisions May Be Impossible to Overcome

October 2, 2025
Oak Ridge Reservation Set for $42M Ecological Restoration, Balancing – Hoodline

Oak Ridge Reservation to Undergo $42M Ecological Restoration and Balancing Effort

October 2, 2025
Mayor green lights Science Center development; residents call it ‘giant win’ for St. Pete – WFLA

Mayor green lights Science Center development; residents call it ‘giant win’ for St. Pete – WFLA

October 2, 2025
A ‘Great Wave’ is rippling through our galaxy, pushing thousands of stars out of place – Live Science

A ‘Great Wave’ is rippling through our galaxy, pushing thousands of stars out of place – Live Science

October 2, 2025
These are the best breweries in New Jersey, according to recent online ranking – Yahoo

These are the best breweries in New Jersey, according to recent online ranking – Yahoo

October 2, 2025
A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

October 2, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (847)
  • Economy (868)
  • Entertainment (21,742)
  • General (17,369)
  • Health (9,911)
  • Lifestyle (881)
  • News (22,149)
  • People (870)
  • Politics (879)
  • Science (16,078)
  • Sports (21,368)
  • Technology (15,851)
  • World (851)

Recent News

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025
How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

October 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version