Processing timeline
33
days
Acquirer(s)
BRISBANE AIRPORT CORPORATION PTY LIMITED ABN - 54 076 870 650
Target(s) or Vendor(s)
GROWTHPOINT PROPERTIES AUSTRALIA LIMITED AS TRUSTEE FOR THE WHOLESALE INDUSTRIAL PROPERTY FUND ABN - 33 124 093 901
Other parties
None listed
Brisbane Airport Corporation Pty Limited acquired commercial real estate leasehold interests at 3, 5 and 7A Viola Place, Brisbane Airport. The asset sale was from Growthpoint Properties Australia Limited as trustee of the Wholesale Industrial Property Fund, a real estate investment trust, involving property within the airport's operational portfolio.
Brisbane Airport Corporation Pty Limited ( Brisbane Airport Corporation ) operates, manages, and develops Brisbane Airport. Brisbane Airport Corporation facilitates international and domestic travel, manages over 2,700 hectares of land, provides infrastructure (terminals, runways, roads), and facilitates commercial/retail/industrial activities through the leasing of the airport land. Growthpoint Properties Australia Limited ( GOZ ) is an ASX-listed real estate investment trust, which carries on a business primarily engaged in leasing, buying and selling land and managing a portfolio of office, industrial and retail assets for third party wholesale syndicates and institutional investors. GOZ invests in Australian real estate and has a directly owned portfolio of office and industrial properties which it leases to commercial tenants. Growthpoint Properties Australia Limited as trustee of the Wholesale Industrial Property Fund ( Growthpoint ) holds a leasehold interest (as lessee) of the properties located at 3, 5 and 7A Viola Place, Brisbane Airport under the Head Leases from Brisbane Airport Corporation (as lessor). Brisbane Airport Corporation has entered into a Contract for the Sale and Purchase of Commercial Real Estate to acquire from Growthpoint its interest as lessee under the Head Leases and as sublessor under the Subleases for lots located at 3, 5 and 7A Viola Place, Brisbane Airport, Queensland.