# ESR-Reit to acquire five Melbourne logistics assets from Frasers Property for A$276.8 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-08T02:26:43.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/esr-reit-acquire-five-melbourne-logistics-assets-frasers-property-a2768-mil
- **Topics:** Commercial & Industrial, Transactions & Deals, Investment & Capital Markets

## Featured rationale

The 4.3% pro-forma DPU accretion and 90% portfolio occupancy could strengthen investor confidence in capital recycling toward income-producing overseas logistics assets.

## AI summary

ESR-Reit proposes acquiring five freehold Melbourne logistics properties for A$276.8 million, 1.9% below valuation, with completion expected in 3Q2026.

## Original article

ESR-Reit is proposing to buy five freehold logistics properties in Melbourne, Australia from Frasers Property at a net purchase consideration of A$276.8 million ($247.9 million).

The price represents a 1.9% discount to the market valuation of the properties. The acquisitions are expected to be 4.3% DPU (distribution per unit) accretive on a pro-forma basis, added the reit’s manager in a July 7 release.

The purchase will be funded using a combination of debt and proceeds from ESR-Reit’s recent divestments.

Read also: Coliwoo buys hotel strata lot at ESR BizPark @ Changi for $101 mil

In June, the Reit completed the sale of eight industrial properties in Singapore to third-party purchasers managed by Brookfield Asset Management affiliates for $338.1 million. The Reit also divested a hotel strata lot at ESR BizPark @ Changi to Coliwoo for $101 million earlier this year.

The Melbourne logistic assets being purchased are located at 15 & 33 Archer Road, Truganina; 4 to 12 Doriemus Drive, Truganina; 64 West Park Drive, Derrimut; 39 Naxos Way, Keysborough; and 48 to 76 Naxos & 68 Atlantic Drive, Keysborough.

The assets have a total gross lettable area of around 1.3 million sq ft, with an overall occupancy of 90%. Tenants include global supply chain company CEVA Logistics, Australian firm Silk Logistics, and furniture retailer Nick Scali. The portfolio has a weighted average lease expiry of 3.2 years.

According to ESR-Reit, the acquisition is in line with its “Total Return Strategy” that aims to drive long-term unitholder return through active portfolio management, organic growth via redevelopments, asset enhancement initiatives and value-accretive acquisitions.

In a bourse filing, Frasers Property said the divestment will enable the group “to unlock value from its assets and optimise capital productivity”. It is not expected to have any material effect on the group’s net asset value per share and the earnings per share for the current financial year.

Completion of the deal is estimated to be in 3Q2026 following approval from Australia’s Foreign Investment Review Board, according to ESR-Reit.

Read also: ESR-REIT to divest eight industrial assets to Brookfield Asset Management for $338.1 mil

## Chinese translation

> Translation model: grok

### ESR-Reit拟以2.768亿澳元向星狮地产收购墨尔本五处物流资产

物业收购价较市值折让1.9%，预计收购将使每单位派息（DPU）增厚4.3%。

ESR-Reit拟以净收购代价2.768亿澳元（约2.479亿新元），向星狮地产（Frasers Property）收购澳大利亚墨尔本五处永久地权物流物业。

该价格较物业市值折让1.9%。信托管理人在7月7日公告中补充，按备考基准，收购预计将使每单位派息（DPU）增厚4.3%。

收购资金将来自债务，以及ESR-Reit近期资产出售所得。

6月，该信托完成向由布鲁克菲尔德资产管理（Brookfield Asset Management）关联方管理的第三方买家出售新加坡八处工业物业，作价3.381亿新元。今年早些时候，信托亦以1.01亿新元向Coliwoo出售ESR BizPark @ Changi的酒店分层单位。

拟收购的墨尔本物流资产位于：Truganina的15 & 33 Archer Road；Truganina的4至12 Doriemus Drive；Derrimut的64 West Park Drive；Keysborough的39 Naxos Way；以及Keysborough的48至76 Naxos与68 Atlantic Drive。

资产可出租总面积约130万平方英尺，整体出租率90%。租户包括全球供应链企业CEVA Logistics、澳洲公司Silk Logistics，以及家具零售商Nick Scali。组合加权平均租约到期年限为3.2年。

ESR-Reit称，此次收购符合其“总回报策略”（Total Return Strategy），旨在通过主动组合管理、重建与资产提升带来的内生增长，以及增值型收购，推动单位持有人的长期回报。

星狮地产在交易所公告中表示，出售将使集团“释放资产价值并优化资本效益”。预计对集团本财政年度每股资产净值及每股盈利无重大影响。

据ESR-Reit，交易预计于2026年第三季完成，尚待澳大利亚外国投资审查委员会（FIRB）批准。