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Summary
An industrial office and warehouse facility in Adelaide’s inner north sold off-market for $25.25 million. The asset is occupied by the Commonwealth of Australia, providing government-backed income to the buyer.
Why it matters
It shows capital is still chasing industrial assets with secure income and top-tier tenants, keeping pricing supported for low-risk stock.
Summary
Centennial and Pirrama Capital Partners bought a 6.9-hectare industrial site at St Marys in Sydney’s west for $32.15 million. They plan two new warehousing facilities plus an eight-lot industrial subdivision next to the St Marys Intermodal Terminal.
Why it matters
It reinforces Western Sydney’s logistics corridor as a priority growth market where infrastructure proximity is driving land pricing and new supply.
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