According to Straits Trading, the sale of this property is consistent with its strategy of redeploying capital from its existing property portfolio of high-quality but low-yielding investment properties into potentially higher-return real estate opportunities.
The Straits Trading Company plans to sell an industrial property in Adelaide for A$52.7 million, or $46.3 million.
The property, at 34 Share Street, Kilkenny in South Australia, has a net lettable area of 37,809 sqm and is valued at A$64.3 million as at Dec 31 2023 by CBRE.
