Foreign investors driving Sydney industrial market: Savills
Foreign investors have been driving the industrial property market in Sydney over the 12 months to March 2016, accounting for 46 percent of industrial stock sales according to Savills.
The total dollar value of these transactions came exceeds $865 million, according to the April industrial briefing from Savills.
According to the report, foreign investors are looking for industrial property due to the typically high yielding and generally long lease expiry profiles attributed to these assets.
"The fourth quarter of 2015 saw Singaporean giant M&G Investments, increase its Australian real estate exposure, paying $79.75 million in November for two Sydney industrial properties, in Ingleburn and Erskine Park," the report said.