GARDA Diversified Property Fund
GARDA Diversified Property Fund owns both office and industrial property, comprising thirteen property assets totally $347 million.
Bld 9, 588 Swan Street, Richmond, VIC
Located at 588 Swan Street, Richmond, the 3,621m² land parcel sits within the desirable Botanicca Corporate Park, a premium city fringe office precinct approximately 4km’s east from the Melbourne CBD. The Melbourne city fringe office market is currently one of the strongest performing suburban office markets in Australia with a low vacancy rate of 3.5% and strong tenant demand.
The Fund has engaged Melbourne construction company, Hamilton Marino, and will construct a new 7,254m², 5 level A-grade office building with floor plates ranging from 1,200m² to 1,500m², to be known as Botanicca 9. GDF is targeting a 5 Star NABERS rating for Botanicca 9 and expects construction to be completed by first quarter 2019.
67 Noosa Street, Heathwood, QLD
67 Noosa Street is a nine year old industrial facility located in Heathwood, approximately 30 kilometres (by road) southwest of the Brisbane CBD. Heathwood is one of Brisbane’s most successful industrial estates, having prime location along the Logan Motorway, where immediate access can be gained to the major transport routes including Centenary Highway (West), Mt Lindsay Highway (East), Gateway Motorway (East) and the Ipswich Motorway (North).
Located on a 15,094m² site, the property is improved with a number of buildings totalling approximately 6,022m² and a low 40% site coverage, providing a generous amount of hardstand.
The property is wholly leased to James Engineering on a long term lease, a company that has operated since 1964 and produces pre-fabricated and transportable electrical and data switch rooms.
41 Bivouac Street, Wacol, QLD
The new facility sits on a 3.274 hectare site and provides Volvo Group Australia with 6,057m² service warehouse and dealership delivery centre and 3,937m² of A-grade office space and showroom.
Volvo commenced a 10 year lease in July 2018.
The facility, within the Metroplex Westgate Wacol and located approximately 15km's from the Brisbane CBD, is being developed by partners The GPT Group and Metroplex into a premium industrial business park across 90 hectares of land adjacent to the Ipswich Motorway.
70-82 Main Beach Road, Pinkenba, QLD
The freehold property is located within the Pinkenba industrial precinct, adjoining the Brisbane Airport on the northern side of the Brisbane River. The site has immediate access to the major arterial road network including the Bruce Highway and only minutes from the Gateway Bridge.
The property operates as as a resource recovery facility for soil, rock, gravel and construction materials.
A subsidiary of the Byrne Group, a market leader in Queensland's recycling industry and operator of a similar facility in Pinkenba, has pre-committed to a 15 year lease to start upon practical completion of construction.
The four hectare site will have low site coverage and improvements, consisting of predominantly hardstand, a 2,000m² facility and various site offices.
69-79 Diesel Drive, Mackay, QLD
The property is a 5 year old state-of-the-art warehouse and distribution facility located in Paget, approximately 8km’s from the Mackay CBD. Paget is the main industrial and distribution centre for Mackay with outstanding transport connections including the Mackay Airport, Mackay freight terminal and the Bruce Highway.
Located on a 3.01ha site, the property is improved with two new buildings (completed in 2013) for a total Net Lettable Area (NLA) of 13,843m² including a combination of warehouse, office and showroom spaces.
The property is wholly leased to Blackwoods, a major subsidiary of ASX listed Wesfamers Limited which has a dominant market position in business to business supply of industrial, engineering and workplace safety needs.
Bld 7, 572-576 Swan Street, Richmond, VIC
The six level A-Grade commercial office building is located on the banks of the Yarra River approximately 5km from the Melbourne CBD. Botanicca Corporate Park integrates retail, commercial and local amenity with views over inner city parklands and the Burnley Golf Club.
572-576 Swan Street, Richmond is a modern, architecturally designed commercial building supporting a 4 Star Green Star - Office Design v2 Rating and 5 star NABERS rating. The building has an NLA of 6,587m² and is anchored by two major tenants.
436 Elgar Road, Box Hill, VIC
The property is located within the outer east commercial precinct, Melbourne’s largest suburban precinct and is approximately 15km from the CBD. This precinct has excellent access to major roads linking the CBD to the eastern suburbs, complemented by rail, bus and tram links.
The building comprises three levels of quality commercial office space, with ancillary ground floor retail and two levels of basement parking. Box Hill remains an established office location and the property is positioned to maintain its strong tenant profile.
7-19 Lake Street, Cairns, QLD
The property is the premier commercial office building in Cairns comprising a total NLA of 14,738m² and has attracted quality blue chip tenants including both local and international government organisations, respected accountancy firms and a number of financial institutions. The 15 level, semi-modern, 4 star NABERS rated building was completed in circa 1989.
The property comprises ground floor building entry foyer with retail accommodation, ground floor office arcade, mezzanine office accommodation, secure podium parking for 254 vehicles on levels two, three and parts of level four, and twelve upper levels of commercial office accommodation. The property also has a 1,500m² parcel of land adjoining the property, providing potential development opportunities.
154 Varsity Parade, Varsity Lakes, QLD
154 Varsity Parade is improved with a modern three level commercial office building offering 3,994m² constructed circa 2009, comprising basement parking for 130 vehicles and three upper levels of office accommodation.
The architecturally-designed 6.0 star NABERS commercial office property is located within the suburb of Varsity Lakes, approximately 85km south-east of the Brisbane General Post Office (GPO). The master plan precinct is a mixed use centre comprising commercial, residential and retail with amenity such as Bond University, Robina Town Shopping Centre and Varsity Lakes Railway station.
Bld 2, 747 Lytton Road, Murarrie, QLD
The property is located within the master planned ‘Gateway Office Park’ development at Murarrie, which is situated approximately 10km from the Brisbane General Post Office (GPO).
The 5.5 star NABERS rated property comprises a modern, four level commercial office building constructed in 2008, with basement car parking. The property is a Community Title development situated at the corner of Creek and Lytton Roads which enjoys good exposure to passing traffic as well as direct access to the Gateway Motorway. The property provides basement parking for 169 vehicles, on grade parking for 2 vehicles and 3,347 square metres of commercial office accommodation.
142-150 Benjamin Place, Lytton, QLD
This industrial warehouse is located within the nationally recognised trade and industry precinct of Australia TradeCoast and is strategically positioned between the Port of Brisbane and Gateway Motorway.
The warehouse facility has been configured to provide three separate tenancies with each tenancy offering quality clear span warehouse space with generous floor to ceiling heights which reflects the needs of target industries. Full length roller doors with weather protection awnings enhance the usability and hardstand areas provide for easy truck loading and manoeuvring. The functionality of the building is supported by the provision of dedicated two level office space with frontage designed to capture natural light.
The property has a total NLA of 5,677m² and houses global automotive logistics company, Kuehne & Nagel (2,200m²) and well known Australian packaging company Visy Boxes (3,477m²).
498 Progress Road, Wacol, QLD
The 4.1 hectare site is located on Progress Road, a major dual lane arterial road that connects with three major freeways in south-west Brisbane.
GARDA intends to develop a total of approximately 17,000m² of industrial space across three separate building with flexibility to combine and split space depending on tenant requirements. The facility will target tenants in the 4,000m² to 8,000m² range. The Development approval is anticipated to be received in Q4, 2019 at which time earth works are likely to commence.
1-9 Huntress Road, Berrinba, QLD
The facility will provide approximately 5,000m² of warehouse and 500m² of office accommodation. The 11,940m² land parcel was acquired in November 2018 for $3.0 million and construction cost is estimated to be approximately $6.25. GARDA will complete the development, lease the facility and retain it as an investment asset for GDF.