Becton buys properties in the region

Becton Industrial Fund has purchased two properties in Western Sydney for a total of $38.45 million, taking the fund's value to almost $450 million. One property was a distribution centre at, Arndell Park, purpose-built for Electrolux but now leased to a private business. Becton acquired it for $14,95 million on a yield of &.64 per cent. The other property, at Warwick Farm, is leased to Visy was acquired for $23,5 million on a yield of 7.85 per cent.

"We have been actively targeting the Sydney market (which) is now the second largest market for the fund after Melbourne," said Matthew Chun, Becton's head of funds management.