date:Jul 01, 2014
making excellent progress implementing its strategy to grow its Logistics and Business Parks portfolio.
This is our third significant industrial acquisition in FY14, following purchases at St Marys and Ingleburn in Sydney, added Steinert.
The transaction is anticipated to generate an initial funds from operation yield of 7.5% and an initial underlying profit yield of 9.7% annually.
Brownes offers a wide range of products including, white milk, yoghurt, flavored milk in Kick and Chill, cream a