36 Caribou Drive, Direk SA

36 Caribou Drive, Direk is currently under construction. On completion, the property will comprise a 21,160 sqm high clearance warehouse with a further 820 sqm of associated office accommodation, and will be fully leased to the Apex Group on a 15-year net lease.

The remainder of the property will comprise secure heavy-duty hardstand and crushed rock used for the storage of raw materials.

The design of the improvements provides for full drive around B Double truck access and includes multiple on grade roller doors with canopies for undercover loading.

Whilst the improvements will be purpose built for Apex, the Property would appeal to a variety of tenants should it ever become vacant in the future.

36 Caribou Drive Direk*Artist impression of the completed development. The purchase of the land was completed in October 2021, with the fund through development forecast for completion in January 2023. The 15 year lease to Apex Steel will commence upon the completion of the development.
Asset summary
Ownership interest100% Centuria Diversified Property Fund
Title100% Freehold Interest
GLA21,980 sqm
Building constructedUnder construction

 

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