Located within the industrial suburb of Altona, the freehold property’s land area is about 83,020 sqm and its net lettable area is about 37,853 sqm.
SINGAPORE (Mar 20): ARA Trust Management, the manager of Cache Logistics Trust, announced that it has acquired a warehouse and office facility located in Melbourne, Australia for a total consideration of A$44.3 million ($42.6 million), with an initial property yield of 6.8%.
This acquisition was made through Cache Logistic Trust’s wholly-owned sub-trust Altonia (VIC) Trust.
