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 rate 7.00%
Gross lettable area 25,852 sqm
WALE 2.2 years
Occupancy 100%
Major tenants Expiry Area
Zinfra Pty Ltd FY20 1,929 sqm
Australian Worldwide Logistics FY22 1,912 sqm
Wholesale Logistics FY22 1,621 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.