GM Property Group Investment's mandate is to selectively acquire quality investment property providing secure, ongoing income returns to investors with the potential for capital growth over the medium to long term.
The properties are actively managed to ensure returns are not only maximised but also maintained. The group has demonstrated a penchant and skill for “adding value” as evidenced by its record of successfully completed projects.
Great Eastern Highway, Redcliffe WA
The Property is a significant 21,000 sqm (approx.) four street fronting industrial land parcel comprising 12 contiguous lots...
The Property is a significant 21,000 sqm (approx.) four street fronting industrial land parcel comprising 12 contiguous lots contained on 7 individual certificates of title. It is located 9 km north-east of the Perth CBD and approx. 1.3 km from the Perth Domestic Airport terminal.
The Property is improved with 4,960 sqm (approx.) of industrial and office accommodation with the balance of the site comprising concrete and bitumen hardstand. The Property is significantly underdeveloped with a site cover of only 26% (approx.) with approximately 11,960 sqm of predominately concrete hardstand fronting Great Eastern Highway and Coolgardie Street.
Acquisition Criteria
•Localised parochial market
•Significant arterial access
•Proximity to Perth Airport
• Purchased below replacement cost
• Low site cover
• Subdivision potential
• Land back acquisition
• Rectifiable flaws
Purchase Date
2024
Syndicate Term
8 years
Property Area
21,000 sqm
Purchase Price
$14.2m
Kurnall Road, Welshpool, WA
Comprises a non-specialised industrial facility located in the core eastern industrial market of Welshpool, approximately 13 km east of the Perth CBD.
The property is a significant 13,910 sqm (approx.) industrial land parcel contained on a single title, improved with 5,953 sqm of industrial and office accommodation with the balance of the site comprising hardstand/yard.
Acquisition Criteria
• Core market
• Purchased below replacement cost
• Meaningful rent reversion
• Land back acquisition
Purchase Date
2021
Syndicate Term
8 years
Property Area
13,910 sqm
Purchase Price
$8.7m
Quarry Road, Tottenham, VIC
Comprises a 40,729 sqm industrial property located approximately 8km west of the Melbourne CBD and 5km from the Port of Melbourne.
The property is improved with approximately 8,055 sqm of office/warehouse accommodation (constructed 2006) with the balance of the site comprising hardstand/yard.
Acquisition Criteria
• Infill market, 5km to largest port in Australia
• Capital improvements
• Purchased below replacement cost
• Land backed acquisition
• Yield compression
• Low site cover
• Immediate rental reversion
• Capital works
• Re-leasing
Purchase Date
2020
Syndicate Term
8 years
Actual Term
1 year
Purchase Price
$16m
Sale Price
$24m
Wondall Road, Tingalpa, QLD
Comprises a fully leased significant 27,700 sqm (approx.) industrial property located in the infill Brisbane market of Tingalpa.
The Property is improved with 6,104 sqm of industrial and office accommodation split over two buildings. Located 13km from Brisbane CBD and 10km from the Port of Brisbane.
Acquisition Criteria
• Core TradeCoast location, infill
• Purchased below replacement cost
• Land backed acquisition
• Detrimental lease with medium term rent reversion
• Low site cover
Purchase Date
2020
Syndicate Term
8 years
Property Area
27,700 sqm
Purchase Price
$14.15m
Tile Street, Wacol, QLD
Comprises a 16,187 sqm industrial property located approximately 16 km southwest of the Brisbane CBD. The property is improved with approximately 7,804 sqm of office/warehouse accommodation split over 3 separate buildings.
The site features full drive around capability with a large undercover awning and multiple cross-overs.
Acquisition Criteria
• Core market
• Purchased below replacement cost
• Yield compression
• Detrimental lease(s) / vacancy allowing short term rental reversion
Purchase Date
2020
Syndicate Term
8 years
Actual Term
2 years
Purchase Price
$10.4m
Sale Price
$16.3m
Keys Road, Moorabbin, VIC
Comprises a 32,846 sqm industrial property located approximately 16km south-east of the Melbourne CBD being well situated to the affluent Bayside locale.
The property is improved with approximately 17,660 sqm of office/warehouse accommodation over multiple buildings which are utilised by the tenant Amcor for solvent based printing on flexible and rigid plastic packaging.
Acquisition Criteria
• Brownfield urban infill market
• Purchased below replacement cost
• Land backed acquisition
• Gentrification/higher and better land use
• Lease extension
Purchase Date
2019
Syndicate Term
8 years
Actual Term
1 year
Purchase Price
$20.65m
Sale Price
$27.45m
Lewis Road, Wantirna, VIC
Comprises an 18,000 sqm (approx.) industrial property with eight freestanding warehouse/office units contained within five separate buildings leased to multiple tenants.
The property is located some 25km east of the Melbourne CBD. GMPGS identified an opportunity to refurbish and reposition the asset improving its presence in the market.
Acquisition Criteria
• Localised parochial market
• Purchased below replacement cost
• Meaningful rent reversion potential
• Land backed acquisition
• Yield compression
• Subdivision potential
• Multiple tenancies
• Refurbishment
• Functional improvements
Purchase Date
2015
Syndicate Term
8 years
Property Area
18,000 sqm
Purchase Price
$6.8m
Forge Street, Blacktown, NSW
Comprises a 12,910 sqm property with approximately 8,345 sqm across two freestanding warehouse facilities with excellent street frontage and access via multiple crossovers to Forge Street.
The property sold with an impending vacancy providing an opportunity to refurbish, reposition and transform the asset and cashflow profile.
Comprises a significant (38,075 sqm approx.), fully leased industrial property with approximately 20,350 sqm of office/ warehouse improvements.
This land-rich property also known as “Enterprise Park” is located 22km south-east of the Melbourne CBD falling within the city’s largest employment area outside of the CBD.
Acquisition Criteria
• Brownfield urban infill market
• Purchased below replacement cost
• Active yield compression
• Detrimental leases with medium term rent reversion
• Refurbishment
• High value zoning allowing higher and better use
Purchase Date
2015
Syndicate Term
8 years
Actual Term
7.4 years
Purchase Price
$21.05m
Sale Price
$51.25m
Queensport Road, Murarrie, QLD
Comprises a 33,000 sqm site located in the premier Australia Trade Coast. Improvements comprise 12,700 sqm (approximately) of secondary distribution/storage space and an additional 6,000 sqm (approx.) of hardstand secured post purchase on a 50-year ground lease.
Acquisition Criteria
• Core Australian TradeCoast market, infill
• Land backed purchase
• Future development site
Purchase Date
2015
Syndicate Term
8 years
Actual Term
5 years
Purchase Price
$9.1m
Sale Price
$10.5m
Alfred Street, Blackburn, VIC
Comprises a 41,000 sqm site located in the affluent eastern suburb of Blackburn. It is improved with 20,400 sqm (approx.) of functional distribution space.
The property is a high yielding, land rich brownfield industrial property which the Manager is dividing and refurbishing into smaller tenancies. Future development upside exists. Original tenants include Gainsborough (GWA).
Acquisition Criteria
• Brownfield urban infill market
• Purchased below replacement cost
• Land backed purchase
• Immediate rental reversion via vacancy
• Refurbishment potential
Purchase Date
2015
Syndicate Term
8 years
Actual Term
2.5 years
Purchase Price
$17.525m
Sale Price
$31.5m
Geelong Road, Brooklyn, VIC
Comprises a 72,000 sqm industrial property located in an established inner-west Melbourne precinct. It is improved with seven warehouses ranging in size from 1,376 – 10,940 sqm with generous container rated hardstand areas and excellent internal circulation.
Original tenants include Storage King, Avanti Bicycles, Crown & TTL Transport.
Acquisition Criteria
• Brownfield urban infill market
• Purchased below replacement cost
• Multiple tenancies
• Land backed purchase
• Immediate rental reversion via vacancy
• Capital works
Purchase Date
2015
Syndicate Term
8 years
Actual Term
4.18 years
Purchase Price
$19.65m
Sale Price
$34.78m
Link Court, Brooklyn, VIC
Comprises a fully leased 18,220 sqm property improved with a 4,000 sqm industrial facility and 7,500 sqm of 100 Tonne rated bitumen hardstand. The property has a low site cover and is well located in the established Brooklyn industrial precinct with exposure to West Gate Freeway.
Acquisition Criteria
• Brownfield urban infill market
• Purchased below replacement cost
• Low site cover
• Land backed purchase
• Rental reversion
• Capital works
• Yield compression
Purchase Date
2014
Syndicate Term
8 years
Property Area
18,220 sqm
Purchase Price
$6.75m
Percival Road, Smithfield, NSW
Comprises a 55,000 sqm site located in a core western Sydney industrial precinct. It is improved with 26,000 sqm (approx.) of older style, functional improvements.
The property is a high yielding, land-rich investment disclosing a passing yield in the order of 9.6% which has since been refurbished and re-leased, improving investor returns.
Acquisition Criteria
• Core market
• Development approval sought and received on surplus land
• Yield compression
• Purchased below replacement cost
• Detrimental lease(s) / vacancy allowing short term rental reversion
Purchase Date
2014
Syndicate Term
8 years
Actual Term
4.7 years
Purchase Price
$19.2m
Sale Price
$44.8m
Sara Grove, Tottenham, VIC
Comprises a fully leased 15,550 sqm industrial property improved with a high quality modern warehouse (constructed in 2008) located in the inner-west Melbourne industrial precinct.
The whole property is leased to Navia Logistics, who have remained as a tenant after works completed by GMPGS.
Acquisition Criteria
• Infill market, 5km to largest port in Australia
• Capital improvements
• Yield compression
• Low site cover
• Rent reversion
Purchase Date
2013
Syndicate Term
11 years
Property Area
15,550 sqm
Purchase Price
$4.91m
Gauge Circuit, Canning Vale, WA
Comprises a fully leased 18,356 sqm industrial property improved with two modern warehouse facilities in the Canning Vale industrial precinct. Original tenants included Mitre 10 and Packcentre.
The Manager has extended building improvements.
Acquisition Criteria
• Core market
• Purchased below replacement cost
• Capital improvements
• Multiple tenancies
• 2 lot subdivision capability
Purchase Date
2012
Syndicate Term
16 years
Property Area
18,356 sqm
Purchase Price
$10.5m
Keiki Early Learning, Clarkson, WA
This purpose built childcare centre is situated within the growth suburb of Clarkson, approximately 32kms northwest of the Perth CBD.
The GM Diversified Income Fund acquired the property during the construction phase, subject to a 15+5+5 year lease to Keiki Early Learning. Keiki Early Learning was founded in 2003, the group own and operate 10 childcare services in the Perth metro area.
Purchase Date
2022
Syndicate Term
8 years
Property Area
620 sqm
Purchase Price
$4.8m
Treasured Tots Early Education, Hamersley, WA
This purpose built childcare centre is located in the established suburb of Hamersley, approximately 14kms north-west of the Perth CBD.
The centre was purchased by the GM Diversified Income Fund with a lease in place to Treasured Tots Early Education for 15+10 years lease. Treasured Tots was founded in 2011 and the group operate 5 childcare services in Perth.
