Gateway Capital nets $135m in strategic Eastern Seaboard Portfolio sale

Gateway Capital’s divestment of its Eastern Seaboard Portfolio for a total of $135 million marks a standout result in what remains a highly competitive mid-tier industrial investment market.

Spanning five high-quality assets, one in Victoria and four in Queensland, the portfolio attracted strong interest from a diverse pool of private capital, owner-occupiers, and institutional investors. The appeal for the successful private investors of each asset was clear as versatile improvements, premium locations, and staggered lease profiles delivered an attractive risk-return proposition in tightly held logistics corridors.

In Victoria, 97-103 Boundary Road, Laverton North VIC sold for $26.1 million on an initial yield of 5.77% and comprises a high-exposure, dual-fronted landholding with three high-quality facilities offering 7,053 sqm of GLA, with ambient warehouse, temperature-controlled, and showroom space. Cushman & Wakefield’s Tony Iuliano, Chris Jones, Adrian Rowse, and Charlie Holmes negotiated this sale.

In Queensland, the four assets were jointly sold by Gary Hyland, Tony Iuliano, Adrian Rowse and Morgan Ruig of Cushman & Wakefield in conjunction with Colliers.

227–247 Fleming Road, Hemmant sold for $46.6m and is a modern multi-tenanted industrial estate that has been expanded and upgraded over time. The estate comprises 25 units, offering a total GLA of approximately 15,223sqm on a 65,460sqm site.

163 Ingrams Road, Acacia Ridge sold for $28.53m and comprises an industrial estate is improved with eight freestanding industrial facilities that provide a total GLA of approximately 17,663sqm. The estate accommodates 10 separate tenancies, offering GLA’s ranging from 189sqm to 4,411sqm.

149-157 Jackson Road, Acacia Ridge QLD sold for $17 million and features three freestanding, semi-modern industrial buildings totaling 8,577 sqm of GLA, configured into two tenancies, complemented by 1,519 sqm of hardstand. 

189 Ingrams Road, Acacia Ridge QLD sold for $17 million on an equivalent yield of 5.54% and comprises a semi-modern industrial facility spanning 8,699 sqm of Gross Lettable Area (GLA), comprising office space, high-bay warehousing, and bitumen hardstand. With approximately 182 metres of dual street frontage, the asset offered excellent exposure and accessibility. 


Together, these Queensland assets contributed a total GLA of 50,162 sqm and sat across a total site area of 146,720 sqm on five separate titles.

According to Tony Iuliano, International Director Head of Logistics & Industrial, ANZ, “These results reaffirm the strength and liquidity of the $20 to $50 million market segment - where private capital and owner-occupiers remain highly active, undeterred by macroeconomic headwinds. 

“Gateway Capital’s disciplined strategy and execution offer a clear case study in how to unlock value and capitalise on demand in Australia’s premium industrial corridors.