Harmony Industrial Property Fund
The newest acquisition to the Harmony Industrial Property Fund increases the Fund’s value to $38.55 million. This is the second of four possible industrial assets.
Harmony Property Investments (HPI), exclusive to MRS Property, are pleased to announce the recent addition of 63-69 Pipe Road, Laverton North VIC to the Harmony Industrial Property Fund in December 2018.
This property was purchased via an off-market transaction brokered by Mr Chris Jones of Dawkins Occhiuto for $25.2 million, increasing the Fund value to $38.55 million.
This purchase follows the previous acquisition of 178 Railway Parade, Bassendean WA for $13.35 million in October 2018. Read more in the recent Financial Review article here.
Harmony is actively seeking to purchase a third (and possibly fourth) industrial asset that will complement the Bassendean and Laverton North acquisitions, taking the total value of the Harmony Industrial Fund to circa $50 million to $60 million.
This purchase caps off a very busy 2018 for HPI, with in excess of $100 million of acquisitions/projects completed.
HPI are continuing to secure the right commercial/industrial investment opportunities for our investors, which is extremely pleasing given the strong competition from both local and off shore buyers for quality investments.
1 February 2019