Harmony Industrial Property Fund
178 Railway Parade, Bassendean (WA)
and 63-69 Pipe Road, Laverton North (VIC)
Building Type / Sector: Industrial
Aquisition Date: October & December 2018
Purchase Price: $13.35m (WA) and $25.2m (VIC)
Investor Return: Projected average of 7.7% per annum over the first 5 years
A recently established industrial property fund with expectations to include a third and possibly fourth asset each meeting the agreed key investment criteria. Total fund size likely to be $50m to $60m. Currently two industrial assets securely leased to 8 tenants and a WALE of 5 years.