Image via Real Estate Source
Trident Services Australia: Capital Raising
Trident Services Australia sold its national headquarters (69 Southgate Avenue, Cannon Hill) for $8.06 million with a 10-year leaseback arrangement. The company renovated the property in 2021 after acquiring it for $3.72m, achieving a 6.68% yield on sale. This capital release comes as the company turns 40 and operates 2000+ employees across 40 sites.
Source: Real Estate Source
The leadership read
Capital injection suggests Trident will likely expand operations and services. Expect hiring for Regional Expansion Directors, Facilities Management heads, Operations Managers, and Strategic Business Development roles across their 40-site network.
Market context: the MitchelLake Talent Market Index reads 108.5 — Hot (+10.8 vs prior month); Oceania signal share is rising (+13.1pts).