This article is from the Australian Property Journal archive
A NEWLY completed industrial warehouse facility in Smeaton Grange, south west Sydney will be the seed asset for St Hilliers Funds Management's fourth property fund.
Construction of the $30 million property, Macarthur Industrial Estate, has been completed with a leasing program now underway with Jones Lang LaSalle and Colliers International as joint leasing agents.
The fourth property fund, which is being marketed to wholesale investors, is a development to core fund and marks the next phase in the expansion of St Hilliers Funds Management platform.
Macarthur Industrial Estate joins 88 Talavera Road, North Ryde, and 127 Argyle Street, Parramatta, as seed assets for the new fund.
A $200 million capital raising for the new fund is underway.
Macarthur Industrial Estate is located at 34-38 Anzac Avenue, Smeaton Grange and comprises a total of 22,028 square metres GFA on a 3.5 hectare site.
The property features six warehouse units of approximately 3,500 sqm each, with ancillary office space at mezzanine level and access for 25 metre B-double articulated vehicles.
It also provides off street parking for 183 vehicles with separate entry and exit driveways.
Australian Property Journal
