Fund Summary
Acquired a 5.5-hectare industrial site with triple street frontage in Melbourne’s tightly held bayside region. The property was purchased at a 27% discount to vacant possession land value, with a sale-leaseback agreement from the vendor — an ASX listed multinational.
The site is located just over 500 metres from Southland Train Station and the proposed Cheltenham Suburban Rail Loop station. Forza will reposition the site over time, divesting the surplus residential zoned land, and converting the balance from industrial to Large Format Retail to capture the rental reversion on offer in Melbourne’s undersupplied South-East.
We are purchasing this Property at a discount to vacant possession land value, with secure income and a clear repositioning runway. This is rare and we believe are the right ingredients for a successful investment.
