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The industrial warehouse in Altona North near Melbourne is one of the properties MPF has purchased.
MPF increases east coast presence with $20m deal
Tuesday, 15 August, 2017 - 15:19
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.
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Good buying
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