A strategic 4.3-hectare industrial site near Blackburn Station, comprising 21,947m² of NLA and 231 car parks across two office/warehouse buildings. Acquired for its scale, income profile, and prime location, the fund added value through a re-leasing program, vacancy upgrades, and construction of a new rock-climbing centre. An adjoining parcel was also secured to enhance site access. The fund capitalised on surging industrial market demand, delivering a strong exit outcome to an institutional buyer.
We repositioned the asset through targeted leasing and strategic site enhancements — and by acting decisively as industrial values surged, we secured a strong exit while improving income and protecting downside risk.
