Cargo Park, 1 International Drive, Tullamarine, VIC

Cargo Park, Westmeadows, VIC

1 International Drive, Tullamarine is strategically located in immediate proximity to Melbourne Airport and is considered the pre-eminent unit estate servicing the precinct. The property is a 25,855 sqm multi-tenanted industrial estate located on a prominent 5.6 ha freehold site with significant exposure to the Tullamarine Freeway. The estate has benefited from a recent $7.1m refurbishment program.

Asset summary
Current book value$41.8m
Capitalisation rate7.00%
Gross lettable area25,852 sqm
WALE2.2 years
Major tenantsExpiryArea
Zinfra Pty LtdFY201,929 sqm
Australian Worldwide LogisticsFY221,912 sqm
Wholesale LogisticsFY221,621 sqm

Information accurate as at 31 December 2018 and provides a summary of key information in relation to the named property within the Centuria Industrial REIT portfolio. Information is in summary form only and investors should refer to the Fund’s published financial statements and other disclosures for further information and detail on the portfolio.