Harmony Industrial Property Fund 2
4 Martin Avenue, Gillman (SA),
23-29 Westgate Drive, Altona North (VIC), 38 Westgate Street, Wacol (QLD) and 61 Bushland Ridge, Bibra Lake (WA),
Building Type / Sector: Industrial
Aquisition Date: October 19 / November 19 / December 19 / January 20
Purchase Price: $14.06m (SA), $10.04m (VIC), $15.65m (QLD), $9.00m (WA)
Investor Return: Projected average of 7.0% per annum over the first 5 years
Harmony Industrial Property Fund 2 is HPI’s second industrial fund, established following very strong demand for their first Industrial Fund that was established in 2018.
The Fund currently comprises four (4) industrial properties with a total value of $48,755,000, spread across four mainland states with income secured from a total of seven (7) tenants and a WALE (by income) of approximately 5.5 years.