- $33.3 million
Net Passing Yield
Fully Leased Yield
The property comprises an existing multi-tenanted industrial estate extending to 16,285 sqm.
Glen Waverley is located approximately 19km south east of the Melbourne CBD and 1km from the Glen Waverley train station and Glen Shopping Centre.
The Yield Plus Infrastructure 2 fund strategy is to acquire a portfolio of yield producing real estate assets with rezoning or repositioning potential. YPI 2’s model is based on investment surrounding infrastructure, particularly public transport.
The Glen Waverley town centre is benefiting from $1 billion in improvements including shopping centre redevelopment and expansion and mixed use project. The property is 100% leased to a range of small to medium businesses.
"The property is within 1km of the Glen Waverley Train Station and Activity Centre, which is undergoing almost $1 billion of private investment and development resulting in a significant transformation of the precinct."