This article is from the Australian Property Journal archive
CHARTER HALL has pounced on training facilities for the Australian Federal Police and the Australian Border Force in Sydney and Melbourne, paying a combined $120 million for the assets that were both designed and developed by Qanstruct.
The recently completed Sydney asset on McPherson Street in the southern suburb of Banksmeadow encompasses a 23,000 sqm site with a 3,000 sqm building, and is also leased to the Department of Agriculture and Water Resources.
In Melbourne, the 385,000 sqm facility at Bulla in the north-west is home to the national dog detector program and has an 8,000 sqm building.
They traded with 15 and 25-year leases to the federal government.
JLL negotiated the sales.
Australian Property Journal
