36 Caribou Drive, Direk SA

36 Caribou Drive, Direk comprises a 21,160 sqm high clearance warehouse with a further 820 sqm of associated office accommodation, and is fully leased to the Apex Group on a 15-year net lease.

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

There is full drive around B Double truck access and multiple on grade roller doors with canopies for undercover loading.

Whilst the improvements have been 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 constructed2022
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