KMPF Industrial 01 (the Fund) is an industrial property located at 43-55 Mark Anthony Drive (the Property), within Dandenong South, a well-regarded southeastern Melbourne industrial precinct.

The Property is fully occupied and the WALE was 2.9 years at acquisition. Strong rental growth is expected upon lease expiry on 30 June 2026, given the current rent is identified as materially below market for a property of this nature and location.

Quest Flooring, a subsidiary of the LSX-listed Victoria PLC (VCP), is the major and sole tenant. VCP is a leading international designer, manufacturer, and distributor of innovative flooring products with a market cap of UK£563 million at the time of acquisition.

Key Points:

• Leased to Quest Flooring, a manufacturer of New Zealand wool carpets, solution dyed nylon carpets, and solution dyed polypropylene carpets founded in 1978.
• The Property comprises a single warehouse, with a two-level office occupied by a single tenant since construction (2004). Maintenance of the Property is of the highest standard.
• Flexible exit options available, given the Property’s strategic location, scarcity of quality assets in the area, and its suitable size for a wide range of buyers, including owner-occupiers, private investors and large institutions.
• The Fund terminates on/around 30 June 2029 (Initial Term). The Fund can be extended beyond the Initial Term by passing a Special Resolution.
• The Fund is closed.