Charter Hall Group (Charter Hall or the Group) is pleased to announce that it has established a joint venture (JV) partnership between its $14 billion flagship industrial & logistics fund, CPIF, and Mitsubishi Estate Asia (MEA), investing through its affiliated entity, MEC Oceania Investment Pty Ltd.
Together, the JV partners will deliver a new 40,000 square metres (sqm) state-of-the-art industrial & logistics estate in Melbourne’s prime industrial precinct at Laverton North. The development is the first stage of a broader $500 million estate with development potential of up to 175,000sqm of lettable area.
Located in Melbourne’s core inner-west, Laverton North is a highly sought-after industrial precinct where Charter Hall has a strong existing footprint, with long-term leases to a broad range of major tenant customers, including Woolworths, Coles, ALDI and Australia Post.
You can now read the full press release at the link below
