PropertyLink reveals Valuation gains

Propertylink announced this week the outcome of the independent valuations they commissioned in response to the non-binding, indicative and conditional proposal from ESR Real Estate (Australia).

Independent valuations were completed for 29 of the 31 properties in the wholly owned industrial portfolio as at 30 September 2018. The independent valuations have resulted in a net increase of $30.9 million or approximately 3.9% on book value at 30 September 2018. The portfolio weighted average capitalisation rate has reduced by 17 bps to 6.49%.