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Visy magnate and Rich Lister Anthony Pratt was the biggest individual donor in financial 2021, giving almost $1.3 million to the Liberal Party and ....
Charter Hall snaps up Patties Foods factories in $141m deal Save Share Charter Hall has struck a $141 million transaction with Patties Foods, acquiring two factories in Victoria from the worldâs biggest pie maker through a 30-year sale and leaseback deal. It is the latest major transaction in the industrial and logistics real estate sector, which has won increasing attention from institutional investors as the pandemic disrupts the business models for shopping malls and office towers. The deal will allow Patties, the worldâs biggest pie-maker, to invest in additional growth opportunities to support staff, business and brands. For Patties Foodsâ owner Pacific Equity Partners the sale and leaseback arrangement allows the maker of iconic brands â FourâN Twenty, Patties, Herbert Adams, Boscastle, Nannaâs, Ruffie Rustic Foods â to plough back capital into its production effort. ....
Industrial investment appetite hits $45 billion Share The wall of institutional capital seeking exposure to prime logistics assets in Australia has skyrocketed to $45 billion, according to analysis of major investment mandates by commercial real estate agency JLL. Demand for logistics has surged globally – separate figures cited by Colliers in December put the total at $26 billion – as institutional investors have looked to increase their weighting to the asset class on the back of the ecommerce boom, which accelerated during the pandemic. As a result, industrial property values have surged and yields for prime east coast assets have tightened below 5 per cent. Goodman Australia’s Jason Little at the massive Sydney warehouse being developed for Amazon. ....