Quanta Connors Road Industrial Trust

The Property is fully occupied by United Group Limited (UGL), a subsidiary of Germany's largest construction company, HOCHTIEF (market cap of over €8.35 billion). The income is highly secure through a 15-year triple net lease.

The land rich 3.1ha modern industrial facility has a low site cover (29%) and includes a total building area of 8,881 sqm across two large warehouses. In addition to the triple net nature of the lease, the Vendor has committed $1.5 million towards capital works upgrades, future-proofing the capital expenditure profile.

The investment provides built-in capital and income growth resulting from current passing rent being approximately 20% below market rates. Additionally, there is significant potential for development upside with a low site cover of 29% and tenant demand for additional lettable area to be built on surplus land.