Harmony West

Building type/sector: Industrial

Investor return:
7.5% per annum distribution

7-17 Jordan Close

This well constructed industrial asset was completed in 2017, providing two separate warehouses with a combined building area of 12,379 sqm, sitting on a large parcel of land exceeding 25,000 sqm.

Under 13 kms west of the Melbourne CBD, the site is well positioned in an in-demand industrial pocket, that has recently seen DHL take occupation in close proximity of a significant warehouse, with development land nestled in and around the property earmarked for new industrial estates in the near future.

 

The asset benefits from strong tenant covenants on longer term leases, with CRRC occupying the larger warehouse (CRRC being an associated company of the Chinese owned Changchun Railway Vehicles who are contracted to build the state’s new metro train fleet) and MG Barnes, a 100 year old Victorian owned family transportation business, headquartered in Hoppers Crossing.

We are delighted to have been providing property and facilities management services to the site for our trusted client since early 2020 and we’ll continue to work closely with both tenants on-site, to ensure the property continues to be an ideal environment for their operations.

7-17 Jordan Close, Altona, VIC

Building/Sector Type: Industrial

Acquisition Date: December 2017
Purchase Price: $16.3 million