Fife Capital has leased up a small Port Melbourne light industrial estate prior to completion.
The business park, 39 Wharf Road, will contain four office/warehouses ranging from 435-742 square metres.
Offices will comprise a high c20 per cent of some unit’s area.
Sharp and Markham Global are amongst the tenants.
The net rent circles $240 per square metre, per annum.
Fife on fire
Fife was an active purchaser during the COVID period, in May, 2021, paying the family of Len Buckeridge c$200m for a portfolio of 39 commercial properties across the country (story continues below).
Not long earlier the group paid outlaid a speculated $48m for adjoining Sydney CBD offices. That vendor was publican Kim Maloney
In 2020, Fife paid Kaufland $83m for a vacant 28ha Mickleham, Melbourne, distribution centre, after striking a 10 year lease deal with DHL.
Three years ago, the manager acquired the 4.9ha former NEC headquarters, in Mulgrave, as an industrial development play.
“We continue to see strong demand from industrial tenants seeking high quality,” Lemon Baxter’s Chris Chartres, who leased 39 Wharf Rd with Ben Hackworthy, said.
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