DCP has been very active in the first half of 2025, achieving strong leasing results across our existing portfolio, further strengthening our value proposition, with a number of new leases soon to be announced. We’re also working with new private mandates and advisory clients across industrial, large format retail, land, and development assets, several of which are currently under due diligence. We are proud to announce that our most recent purchase, 33-39 – 41 Central Park Drive, Paget (DCP Mackay Income Fund) has gone unconditional. The $4.6m capital raise closed over-subscribed and presented a Target IRR of 17.59% and targeted distributions of 7.5% p.a (paid monthly and inclusive of retention funds) with net average returns of 10.93%. Insert photo of Mackay Property.
The overall market remains robust in the sub $10m market, with very tight yields of under 5.5% still being transacted. We’re seeing greater value in the $10m – $50m range, particularly where there is upside through development or asset resetting. We continue to assess opportunities both on and off-market to provide investors delivering value through proactive management and deep market insight.
Market Update: According to Cushman & Wakefield’s most recent property report, Brisbane’s industrial property market is showing strong fundamentals in early 2025, with tightening supply and robust tenant demand creating favourable conditions for investors. Just 110,000 sqm of new warehouse space was completed in Q1, with full-year supply expected to be the lowest since 2022. Leasing activity remains strong, with 240,000 sqm taken up in Q1 alone, following strong levels in 2024. Land values remain stable, and investment volumes across Australia’s logistics and industrial sector rose over 40% year-on-year in 2024, driven by improving debt conditions and greater pricing certainty. Data obtained from Cushman & Wakefield, Marketbeat, Q1 2025 Logistics & Industrial, Brisbane.
If you would like to know more about DCP head to: www.dcpinvest.com.au or reach out to edbull@dcpinvest.com.au or jamesw@hmwgroup.com.au
