Acquisition of the TWE Intermodal Facility, Penfield SA
TWE Intermodal Facility, Penfield SA
Realmont is pleased to announce the off-market acquisition of the fully leased Treasury Wine Estate Intermodal Facility at 123-145 Pellew Road, Penfield SA on behalf of a European institutional separate account capital partner.
The modern property is approximately 28km north of the Adelaide CBD and comprises a purpose-built temperature-controlled and ambient distribution facility together with further development land to allow for future expansion options. The property has an area of approximately 45,000sqm on a site of 10.95 hectares and is fully leased to ASX listed tenant Treasury Wine Estates (TWE) with a WALE of around 9.5 years.
The facility is a domestic and international distribution centre with immediate access through the SCT Penfield Rail Freight Centre to the rail freight line providing direct access to Port Adelaide and further to Melbourne, Perth and Darwin.