Gateway picks up life sciences investment

Gateway Capital Industrial Partnership is paying $36 million for a Thornleigh life sciences investment.

The three hectare property, 9-15 Chilvers Road, was offloaded by Mark Hudders, founder and director of Anspec, which part-occupies.

The sale price reflects a 6.6 per cent passing yield.

Colliers’ Toby Hardiman and John Carney were the agents.

The asset previously traded in 2012 for $10.3m.

Gateway Capital Industrial Partnership

Gateway Capital was established last year by ex-Propertylink directors Stuart Dawes and Peter McDonald (story continues below).

The company and the Industrial Partnership are backed by the Grosvenor Group, which completed three commercial projects with Propertylink between 2014-2019.

The trust holds one other investment – a 2.72ha industrial asset at 655-685 Somerville Rd, in Melbourne’s west Sunshine, which cost $23m 13 months ago.

Its Thornleigh property, with 9113 square metres configured as offices and warehousing, is leased to numerous businesses including SafeWork NSW.

About half the block is undeveloped; Gateway is intending to replace that with more life sciences product.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of