• Acquired a leased industrial facility with NLA of approximately 8,500sqm in a joint venture arrangement
  • Initial value of $14 million
  • Principal tenant is Iveco Trucks Australia – a wholly owned subsidiary of Fiat Industrial Company whose operations have been on the site for over 20 years
  • Opportunities identified to increase the value of the property by negotiating an extension of the Iveco lease and developing surplus land for a possible further 10,000sqm of warehouse and office space