- Gibb Group acquired this property in 2019.
- The property is located in a prime south east location, with immediate proximity to the East Link and Wellington Road interchange – providing connectivity to the CBD and Dandenong. This access will be further improved upon completion of North Connect.
- The asset’s value was anchored by a medium-term lease to ASX-listed Sigma Company Limited – providing a good initial rental yield and cashflow.
- It also offered expansion land and short-term development potential, with 1.6 hectares of development land in a prime, south east location.
- Gibb Group and its investors were attracted to the significant value upside through repositioning, releasing and development, supported by a 15-year lease to Sigma, with almost 6 years remaining on acquisition.