Charter Hall to acquire a 50% stake in industrial property from Qube for $207m.

Charter Hall, a developer of real estate, agreed to acquire a 50% stake in industrial property from Qube, an integrated provider of import and export logistics services, for $207m. “The property presents a unique opportunity to acquire a rare 30.6 hectare benched, serviced and zoned industrial development site in a core Sydney industrial precinct, with a staggered lease profile which provides holding income and enables a potential stage build out into a key logistics and intermodal facility," Richard Stacker, Charter Hall Industrial & Logistics CEO.