Quanta Titanium Drive Logistics Trust

2-10 Titanium Drive is a state-of-the-art cold storage logistics facility is located in Paget, Mackay's premier industrial precinct.

The property is fully leased to PFD Food Services, a wholly own subsidiary of Woolworths Group Ltd (WOW). The building contains a combination of freezer room (-15°C to -20°C), chiller room (1.5°C to 2°C), temperature-controlled room (17°C), dry storage warehouse and a two-level reception and administration suites. Insulated paneling has been installed in the dry storage warehouse providing flexibility to expand the cold room to support future growth or be adapted based on tenant requirements.

Following strong financial performance, the distribution rate was increased to 8.75% (previously 8.50%), only 6 months after the property was settled. An uplift ahead of forecasts.