We are pleased to announce the acquisition of 75-83 Hardys Road, Underdale, South Australia, a secure, fully leased industrial asset underpinned by a substantial landholding within Adelaide’s highly sought-after western city-fringe growth corridor.
KEY HIGHLIGHTS
• $29 million acquisition
• Rare 2.75-hectare landholding
• Excellent connectivity
• 6.2% net initial yield
Adelaide’s industrial market continues to demonstrate strong fundamentals, supported by low vacancy rates, constrained new supply and continued rental growth.
This acquisition is consistent with LFs’ investment strategy of targeting large-scale inner metropolitan landholdings that provide secure medium-term income, operational flexibility and long-term value creation potential.
We look forward to unlocking further value from this exceptional property and continuing to deliver attractive opportunities for our investors.
