Fund Focuses On Regions
Quanta Investment Funds has strengthened its growing portfolio with two regional Queensland acquisitions totalling $20.75m
Both of the single-asset, closed-ended trusts have been fully subscribed in quick time, signalling a surge investor confidence and demand for strategic assets.
Quanta snapped up a 5,420sqm transport and logistics cold storage facility logistics property at 2-10 Titanium Drive, Paget, in Mackay, with the asset fully subscribed within just 30 minutes.
The transport and logistics cold storage facility is in the region’s premier industrial precinct of Paget – a tightly held and undersupplied market. Deniz Mete from Knight Frank struck the deal.
A Quanta trust bought an industrial property at 646-658 Ingham Rd, Mount Louisa, in Townsville which was fully subscribed within 72 hours.
The 32,000sqm site has a low site coverage of just 26 per cent, presenting strong future development potential, and was secured at a competitive purchase price 50 per cent below its estimated replacement cost. The deal was struck by RWC ‘s Luke Wray.
Quanta chief executive Stacey Jones said the strong demand for the properties from their network marked a significant milestone in the company’s investment strategy, and Queensland’s industrial sector as a growth market.
“We know from conversations with investors that there is a strong appetite for high-quality industrial assets” she said. “Our rapid capital raising for these assets underscores the confidence investors have in Quanta to source those assets with strong growth potential,” Ms Jones said.
The assets offer Quanta’s investors a weighted average lease expiry of 4.63 years and 6.6 years, respectively, each with significant potential for both rental and capital upside. Both properties were 100 per cent occupied with long-term leases, bolstered by ASX-listed tenants, including PFD Food Services – a subsidiary of ASX-listed Woolworths Group Ltd.
Ms Jones said they were confident that the assets would continue to deliver sustainable, long-term returns to investors. “The highly defensive investments additionally offer strong average distributions of 8.75 per cent and 9 per cent, respectively, across a five-year term.”
In the 2025 financial year, Quanta has also bought two other Mackay assets – a $6.6m CBD office and another industrial asset in Paget for $16.7m.
Article by Chris Herde in The Courier Mail