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Australian Prime Property Fund secures Altona North property

Lendlease managed Australian Prime Property Fund Industrial (APPF Industrial), has taken delivery of the 28 Salta Drive project with a 12-year lease.

“We acquired the 5 hectare property for our client F Mayer Imports in late 2014 and utilising our full property lifecycle capability we have delivered a facility that both meets our client’s needs for the long term, while providing an attractive yield for APPF Industrial,” says property developer Tony Staveley.
F Mayer Imports is an internationally acclaimed importer and national Australian distributor of over 1000 Premium Gourmet Food Products.
“Leading a client whose specialty is anything but property through the otherwise unchartered waters of developing a purpose built facility, is our core skill,” he adds. “When a tenant has long-term confidence in their property, they can concentrate on their core business. When the process not only delivers substantial property confidence but also an outstanding financial outcome, we know we have done our job.”
Balance managed the substantial refurbishment to the 23,854 sq m property by Vaughan Constructions which included a massive 8,000 sq m of conditioned space at temperatures ranging from -20c to +16c utilising a state of the art C02 system engineered by Strathbrook Services.
“Not only does this new facility provide growth opportunities for F Mayer Imports, it also provides a state of the art facility for staff which can help to bring about greater contentment in workplace surroundings. Purpose built work places make an outstanding contribution to productivity, especially when staff are working in a new and efficient environment,” says Staveley. “Balance Corporate Property is a uniquely skilled organisation. We not only have the capability to negotiate the most profitable purchase and subsequent sale of a property, but a rare insight and competence around client needs analysis and the ultimate delivery of guaranteed, specific property outcomes resulting in financial rewards for both tenant and investor.”

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