and in news in the US on Pennybacker, they have invested in a 500,000 square foot facility:
Article here: https://www.marketscreener.com/quote/stock/JONES-LANG-LASALLE-INCORP-13180/news/Sale-of-last-mile-warehouse-in-Raleigh-closes-36941787/
For sale here: https://www.jll.com.au/en/investorcentre/industrial-logistics/south-40-distribution-center-raleigh-nc-unitedstates
Detailed sale sheet: https://res.cloudinary.com/jll-global-cmg/image/upload/v1624026767/IC/Img/Original/cbck9tj6k6q8ozi7nud4.pdf
In place NOI = In place Net Operating Income. This is $2,560,700 for this property - not sure on the yield paid. Could be 6% ($40M+) and there is improvement in this based on returns in the area (building is earning 17% less than others in the area, so Pennybacker has plenty of room to improve).
Best of Luck
Lost
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| Price($) | Vol. | No. |
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