17 Apr '18, 1am

Investors shift attention from Sydney to Melbourne industrial assets:

A sharp spike in foreign investor interest in Melbourne’s industrial assets helped to push the city’s sales volumes to $1.2 billion in the 12 months to March 2018, accounting for 42 percent of total industrial sales activity nationally, according to Savills Research . The data shows the increase in sales volumes is supported by buyers of all classes taking advantage of the low interest rate and low yield environment. The agency’s latest National Industrial Quarter Time report reveals Melbourne’s sales volumes eclipsed Sydney’s sales volumes, which were $700 million, for the first time on record, with industrial transactions weighted towards Melbourne following several large portfolio transactions. Savills Australia’s senior analyst of Research & Consultancy , Houssam Yakzan, said portfolio offerings were unlikely to continue to be brought to market in the short to medium t...

Full article: http://www.savills.com.sg/_news/article/39553/159160-0/4/...

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