Charter Hall Group has paid $171.4 million for an industrial portfolio leased to the leading Australasian poultry producer and processor, Inghams Enterprises, on behalf of its managed funds.
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The group has been an aggressive player in the market, having bought $775 million of property acquisitions since August this year.
Private equity group TPG put its $650m investment in the Australasian Inghams operation on the market in March, in a "once in a lifetime" sale and leaseback of 53 industrial and land properties, brokered by CBRE.
The funds raised will be used for other investments.
The portfolio, which spans assets in Australia and New Zealand, has been carved up among several purchasers.
Under the latest deal, the portfolio of six industrial assets, acquired by three Charter Hall managed funds/partnerships, are by the Core Logistics Partnership, which has acquired the Murarrie, Brisbane and Edinburgh Park, Adelaide facilities for $105.8m.
Charter Hall's Direct Industrial Fund has bought three facilities including Ingleburn, Sydney; Thomastown, Melbourne; and Cleveland, Brisbane for a combined total of $53.2m, and the Core Plus Industrial Fund has bought a $12.4m facility that adjoins its Hemmant property located within the Port of Brisbane precinct.
The portfolio is 100 per cent leased to Inghams, with initial lease terms of between 20 and 25 years.
Other buyers have been the New York-based real estate investment trust WP Carey, which recently bought 31 properties in the Inghams Enterprises portfolio for $157m.
The REIT said the assets represented the "the vast majority of (Inghams) long-term supply chain infrastructure for raw materials".
In October, the fund manager CorVal bought six properties including two in NSW, one each in Victoria, SA, WA and Tasmania for about $100m.
In July, Wellington-based real estate investor Caniwi Capital secured seven of the New Zealand assets, worth about $NZ57 million ($51.8m).
