ESR-REIT to buy Melbourne logistics asset at 18 Foxley Court for A$ 52.5 million

Reuters2026/07/23 10:48

By:Reuters

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ESR-REIT agreed to buy the freehold logistics asset at 18 Foxley Court in Melbourne for AUD 52.5 million; expected to complete in 3Q 2026.
Property spans 23,229 sq m; 100% occupied; WALE 4.8 years; leased to HealthShare Victoria.
Total acquisition outlay estimated at AUD 57.1 million, including fees and costs; first-year NPI projected at AUD 3 million.
Manager plans to fund the broader Melbourne logistics acquisition program with divestment proceeds, debt financing; no new units planned.
On a pro forma FY2025 basis, the six-asset Melbourne portfolio acquisition is projected to lift DPU by about 5.1%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESR-REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LX9SA3UKJUDVR2PW) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ESR-REIT to buy Melbourne logistics asset at 18 Foxley Court for A$ 52.5 million

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