Firms: Henry Davis York (Goodman); King & Wood Mallesons (Mapletree Logistics Trust)
Deal: Goodman sells Coles Distribution Centre to Mapletree Logistics.
Value: $253 million
Key players: The HDY team was led by property partner Andrew Steele (pictured) and included lawyer Liz Boden.
Henry Davis York advised Goodman, in joint venture with Brickworks Limited, on the sale of the Coles Chilled Distribution Centre at Eastern Creek, west of Sydney, for $253 million to Mapletree Logistics Trust.
The 55,395 sq m chilled distribution centre was purpose-built for Coles in 2007. It includes extensive hardstand areas, ambient and temperature-controlled warehousing and office space. In July 2014 the building was extended by 12,325 sq m. The extension has an agreed 20-year lease until 2034 in place with Coles.
"There is a real mood of optimism in property and this deal is one of a number of significant real estate transactions currently in the market," Mr Steele said.