Australian Unity snaps up industrial site to bulk up fund

Health insurer and fund manager Australian Unity has added a large industrial property to its Diversified Property Fund for $15.1 million.

The insurer purchased a 20,950 square metre site with a 12,300 square metre modern corporate office/warehouse that was offloaded by financial services business IOOF.
hydroxyzine pamoate safe for dogs atarax 500 mg buy atarax for dogs hydroxyzine pamoate 75 mg ataraxie encyclopedia metallum atarax 10 mg tabletas para …

The large building in Rowville is leased until April 2022 to Regal Beloit, which manufactures and distributes electric motors, mechanical and electrical motion controls and power generation products.

Australian Unity’s head of property, Mark Lumby, said the price reflected an initial yield of 7.6 per cent and was a good match for the Diversified Property Fund.

buy fluoxetine online | usa canada uk | buy online without prescription. low prices, fast delivery and secure online processing.
The purchase would be accretive to earnings and assist the fund in providing a distribution range to investors between 8 per cent and 8.3 per cent per annum, he said.

Colliers International’s Tony Iuliano, who facilitated the deal for 19 Corporate Avenue with colleague Sasan Misaghian, said the facility was in a tightly held industrial pocket.
buy amoxil online, which is better doxycycline or amoxicillin, amoxil dental para que sirve el amoxicillin 500mg buy amoxicillin and clavulanate amoxicillin 

"The eastern industrial market has the tightest vacancy for sales and leasing in Victoria, with a distinct shortage of A grade options above 10,000 square metres," he said.

Australian Unity manages about $1.9 billion across four main funds spanning industrial, healthcare, office and retail assets.

Written by

No Comments Yet.

Leave a reply

Switch to our mobile site