We are very pleased to announce the acquisition of 2-10 Kewdale Road, Welshpool, an institutional grade industrial asset situated within one of Perth’s most established and highly sought-after industrial precincts.
KEY HIGHLIGHTS
• $20.62m acquisition
• Long-term triple-net lease to a high-quality tenant
• Rare, 2-hectare land parcel
• 6.5% net initial yield
Located on a high exposure corner site with three street frontages, the property benefits from excellent connectivity to key transport routes within Perth’s land constrained eastern industrial corridor, underpinned by strong underlying land value, substantial power capacity and flexible industrial infrastructure.
This acquisition is consistent with LF’s considered approach to new investment, targeting strong performing economies like WA and where the property fundamentals support opportunities for long term value creation.
