Laverton North is a single-asset institutional partnership invested in an industrial property located at 13-19 William Angliss Drive, Laverton North, Victoria (the Property). The Property is located just 15km west of the Melbourne CBD and 11km west of the Port of Melbourne.

The Property is a strategic land holding in Melbourne’s western core logistics and industrial precinct, given its proximity to the Port of Melbourne and arterial road network. With the Western Melbourne market experiencing record low vacancy rates and limited availability of developable land, the Property will take advantage of the pressing demand for industrial properties in prime locations. The asset is currently fully leased, with a Weighted Average Lease Expiry (WALE) of 5.3 years and reversionary upside with rental income significantly below market levels.

Visy, a global leader in packaging, recycling and logistics employing about 7,000 employees across 150 sites and Concept Logistics, a national transport company providing warehousing and interstate transport services are the major tenants.

Key points:

• The Property is 100% leased to two tenants, Visy and Concept Logistics. There is ample opportunity to reposition the Property in the medium term, aligning with market demands and tenant requirements
• Laverton North is widely regarded as a premier logistics and industrial precinct. The upcoming completion of the West Gate Tunnel project in 2025 will further enhance the precinct’s value proposition by improving supply chains and reducing travel times for occupiers in the western market
• The Property is improved by three quality logistics warehouses totalling 56,000 square metres on 12.1 hectares of land. A surplus 1.6 hectare development pad is available to be developed immediately.