A portfolio of four high-quality industrial assets across Victoria and Queensland has sold for a combined $40m.

Burgess Rawson’s Justin Kramersh, alongside Townsville Partner Neville Smith for the Queensland assets, brokered the Civilmart-leased portfolio across Victoria and Queensland.

The portfolio includes prime sites in Pakenham and Corio, as well as Cairns and Rockhampton.

The Cairns and Rockhampton properties were purchased by a Queensland investor for a total of $12m, with a short 14-day settlement.

“We’re seeing both private and institutional investors aggressively pursuing assets with strong fundamentals and blue-chip tenants, which has driven these sharp yields, despite the still higher interest rate environment,’ Mr. Kramersh said.

In 2024, Civilmart Group, a leading precast concrete manufacturer, was acquired by CRH, a building materials conglomerate with a market capitalisation of over $50bn.

Burgess Rawson is also marketing another premium industrial asset in Wodonga, Victoria, expected to fetch about $20m in an expressions-of-interest campaign.

The Courier-Mail