Metrics

Acquisition:$23,855,000 (Jul 2015)​

Disposal:$42,010,000 (Oct 2018)​

Investor IRR:17.13% (1.60 x)

Income Return:4.74% p.a.

Investment Type

Investment Type:Core Plus

Location:Tullamarine, VIC

Sector:Industrial

Investment Summary

• A 5.56 hectare industrial holding located in the Melbourne Airport Precinct, with high visibility and connectivity to surrounding road and freeway networks ​
• Acquired with 30% vacancy and a net initial yield of 6.48%​
• Substantial upgrade and re-leasing of the asset undertaken prior to sale​