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Deutsche Asset Management Increases Australian presence with Melbourne Logistics Warehouse Acquisition


Deutsche Asset Management (Deutsche AM) today announced the acquisition of two logistics facilities located at 45 Fulton Drive, Derrimut in Melbourne; and 50-80 Southlink Street, Parkinson in Brisbane, for AUD 73.1 million from Propertylink, a listed Australian real estate investment trust (AREIT), in an off market transaction on behalf of a German institutional client.



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Sydney, 1 June, 2017

Deutsche Asset Management (Deutsche AM) today announced the acquisition of two logistics facilities located at 45 Fulton Drive, Derrimut in Melbourne; and 50-80 Southlink Street, Parkinson in Brisbane, for AUD 73.1 million from Propertylink, a listed Australian real estate investment trust (AREIT), in an off market transaction on behalf of a German institutional client.

The cold logistics facilities were purpose built and designed in 2010 for anchor tenant, Rand Transport, a leading service provider of refrigerated interstate transport and warehousing services in Australia. Comprising two single storey warehouses including administration offices and parking, the Derrimut site occupies over 34,000 square meters; and the Parkinson site over 30,000 square meters.

Both are well located within their respective markets, situated in key logistics locations favoured by leading logistic operators and distributors. They are well connected to local port, airport and railway stations in both Melbourne and Brisbane via major expressways and road networks. Nationally, Melbourne remains the manufacturing centre and distribution hub as home to Australia’s largest port; whilst Brisbane has a growing industrial precinct.

“We are pleased to add Rand Transport’s facilities to our portfolio,” said Victoria Sharpe, Head of Real Estate, Asia Pacific for Deutsche Asset Management. Adding, “With good quality, cold storage accommodation in prime Australian locations in small supply, over the long term we expect the assets to deliver stable cash-flows with low volatility in line with strategy for our investors.”

The acquisitions follow on from the recent purchase of GLP Narita, a grade A modern logistics warehouse in Greater Tokyo, as Deutsche AM continues to increase its sector exposure to logistics in Asia Pacific.



For further information please contact:
Press office: Jill Valentine
Phone: +61(2) 8258-2162
Email: jill.valentine@db.com



Deutsche Asset Management - Real Estate
Deutsche Asset Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives platform, this business has more than 410 employees around the world and US$54.4 / €48.4 billion in assets under management as of September 30, 2016, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. To learn more about our real estate investment capabilities, go to www.deutscherealestate.com


An investment in infrastructure involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses. No assurance can be given that investment objectives will be achieved.

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Deutsche Asset Management
With EUR 715 billion of assets under management (as of September 30, 2016), Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.


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In Australia issued by Deutsche Australia Limited (ABN 37 006 385 593) holder of an Australian Financial Services License. Deutsche Australia Limited is not an Authorised Deposit-taking Institution under the Banking Act 1959 nor regulated by APRA.

Deutsche Asset Management represents the asset management activities conducted by Deutsche Bank AG or any of its subsidiaries.



Last Updated: 3/19/2018