Harmony Stones Corner

Building type/sector: Office/Industrial

Investor return:
6.0% per annum distribution

444 Logan Road

Harmony Stones Corner is the second diversified property fund established by HPI, with three properties purchased across both the Office and Industrial sectors.

The fund spans three states comprising of a newly refurbished office building in the emerging inner-southern suburb of Stones Corner, QLD, and two recently constructed industrial buildings in Sunshine West, VIC and Wattle Grove, WA, both of which have excellent access to major transport routes.  The properties together provide over 6,500sqm of lettable area to six tenants, with a combined WALE by income of 4.9 years.

444 Logan Road, Stones Corner QLD

Building/Sector Type: Office

Acquisition Date: June 2021
Purchase Price: $13.9 million

67 Proximity Drive, Sunshine West VIC

Building/Sector Type: Industrial

Acquisition Date: November 2021
Purchase Price: $5.4 million

41 Courtney Place, Wattle Grove WA

Building/Sector Type: Industrial

Acquisition Date: November 2021
Purchase Price: $4.0 million