Search
The industrial warehouse in Altona North near Melbourne is one of the properties MPF has purchased.

MPF increases east coast presence with $20m deal

Perth-based Mair Property Funds has acquired two commercial properties in Melbourne in an off-market deal worth $20.3 million. 

The unlisted property funds manager, previously known as Mair & Co, announced yesterday it had entered into agreements to purchase a warehouse in Altona North and an industrial facility in Ravenhall, both west of Melbourne.

The Altona property is occupied by Grace Records Management with a recently agreed eight-year lease that expires in 2025, while the Ravenhall facility is tenanted by Australian Pipe and Tubing, which has a 15-year lease until 2031.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Comments

West Perth
Great acquisitions to add to our diversified fund. Clients have been happy with the purchase. Well done to Peter, David and the team

Add your comment

BNiQ Disclaimer