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AsheMorgan Expands National Industrial Portfolio with Strategic Acquisitions in Melbourne and Brisbane
AsheMorgan is pleased to announce the acquisition of 40 Decco Drive, Campbellfield VIC, a 17,371sqm logistics estate on a 35,790sqm site, just 14km from Melbourne CBD. The estate is fully leased and benefits from strong connectivity to key arterial networks.
This follows our earlier acquisition of 45 Hume Drive, Bundamba QLD, a 9,919sqm multi-tenant industrial facility on 22,100sqm of land in Brisbane’s Western Corridor.
These strategic additions strengthen AsheMorgan’s growing industrial portfolio, reflecting our continued focus on well-located, income-producing assets with long-term value potential across Australia’s key logistics markets.
40 Decco Drive, Campbellfield VIC
Located just 14km north of the Melbourne CBD, this high-quality logistics estate comprises 17,371sqm of GLA across three modern warehouses on a 35,790sqm site with 49% site coverage.
Investment Highlights:
- Fully leased with a WALE of 4.8 years
- Located in a core Melbourne industrial precinct with excellent access to the M80, Hume Highway, and Port of Melbourne
- ESFR sprinklers, high-clearance warehousing and modern loading provisions
- Flexible zoning and built form allow for a range of occupier uses
- Surrounded by major corporate occupiers and supported by long-term infrastructure investment in Melbourne’s north
45 Hume Drive, Bundamba QLD
Situated within Citiswich Business Park, one of South East Queensland’s most active industrial precincts, Bundamba comprises 9,919sqm across four tenancies on a 22,100sqm site with 45% site coverage and expansive hardstand areas.
Investment Highlights:
- Fully leased multi-tenant facility with diversified income profile
- Located in Brisbane’s Western Corridor, with immediate access to the Warrego Highway, Ipswich Motorway and Logan Motorway
- Low site coverage providing long-term flexibility for reconfiguration, expansion or intensification
- High underlying land value in a rapidly tightening submarket with limited future supply
- Occupier demand underpinned by proximity to population growth corridors and regional logistics catchments
These two assets mark the continued growth of AsheMorgan’s industrial strategy — targeting under-utilised, well-located assets with embedded value in core logistics corridors across Sydney, Melbourne and Brisbane.
By focusing on precincts with infrastructure connectivity, land constraints and tenant demand, AsheMorgan seeks to deliver long-term performance through active asset management and disciplined acquisitions.
For more information about AsheMorgan’s industrial platform or capital partnership opportunities, please click here to get in touch with our team.