Centuria lists life science investments
Centuria has listed two east coast life science investments with almost a decade of contracted income.
In the Monash National Employment and Innovation Cluster – Victoria’s largest employment hub outside of Melbourne’s CBD – the asset manager is offering the laboratory and headquarters of ASX-listed Paragon Care.
On 1.52 hectares at 77-97 Ricketts Road, also abutting the Monash Freeway for 139 metres, the asset includes 7975 square metres in several attached buildings, upgraded in mid-2022.
The warehouse, accessed by 10 roller shutter doors, has a large power supply and crane provision.
There are also 129 car parks.
Paragon occupies 91 per cent on a lease expiring in 2037.
Mount Waverley is about 16 kilometres south east of the CBD.
Sprawling Brisbane site
In Brisbane, Centuria has listed a purpose-built laboratory and research facility fully leased to QML Pathology, which also occupies an office component as its headquarters (continues below).
With two buildings, 11-19 Riverview Place, Murarrie, part of the Metroplex Gateway Estate, contains 9696 sqm.
Across two amalgamated sites spanning 2.38ha, also exposed to Metroplex Avenue, there are 280 car parks too.
The weighted average lease expiry is 9.2 years with a mid-term review at the end of 2030.
Murarrie is eight kilometres east of the CBD, within the Australia TradeCoast precinct, near the Port of Brisbane and Brisbane Airport.
Centuria holds both properties in the c$820m Healthcare Property Fund.
CBRE’s Sandro Peluso and Chris O’Brien with JLL’s Ben Hegerty and Simon Quinn are the agents.
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