LOGOs dispose of Yennora Parcel
LOGOs Group have disposed of a 8.8ha site in Yennora for $49M.
The site formed part of a 31ha site acquired by LOGOs and Partners Group back in 2015 for $47M on a sale and lease back to Alcoa who occupied 124,000sqm across 8 buildings.
Alcoa had previously announced the closure of the aluminium recycling facility at the site in 2014, paving the way for a subdivision and re-positioning of the site by LOGOs.
The latest sale is the final stage of LOGOS sell down, bringing its total sales from subdivision strategy to $129 million over the past three years.
CBRE's negotiated the various sales on behalf of LOGOS and Partners Group.