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Brooklyn Distribution Centre

Located 10 kilometres west of the Melbourne CBD, the flexible distribution centre is adjacent to the four-way interchange of West Gate Freeway and the Princes Highway. The estate comprises ten separate warehouses over 22 hectares and has future redevelopment potential.

Location: West Melbourne, Vic
Acquisition date:Jun 2003
Cost including additions:$69.0 million
Last Independent Valuation
Date:Dec 2017
Valuation:$87.5 million
Valuation $/m2:$673/m²
Capitalisation rate:7.50%
Discount rate:7.75%
Lettable area:130,034 m²
Site area:22.0 ha
Hardstand:13,500 m²
Weighted average lease expiry:2.2 years
Major TenantsGLA m2
New Aim Pty Ltd32,715
Automotive Holdings Group Ltd16,369
Qube Logistics13,172
SKM Corproate Pty Ltd12,765