Investa

Glimmer of hope in Melbourne’s Industrial market

In what has been a very tough industrial market Investa Property Group is on track to continue its impressive 30 hectare per annum take-up rate at the Paramount Industrial Estate in Melbourne’s Inner west.

Commenced in 2006, the 158 hectare estate has sold down 70% of the estate over a 4 year period.

So far this year, confirmed deals include:
• Clayton Kitchens,
• Apprenticeships Victoria, and
• Shiny Embroidery.

It is expected that these companies and an additional organisation, yet to be announced, will occupy total combined space of over 73,000m².

These companies join Volkswagen, Total Care Logistics, McNeils Transport, CSR, Site Safe and Paragon Publishing who are currently based at Paramount.

Paul O’Brien, General Manager, Investa Land Victoria commented “Our land at Paramount remains the most competitively priced and well located in the country with approved 24/7 B-Double access and Western Ring Road exposure. Blocks in the estate are available for purchase from $95/m2 for owner occupiers.

“Investa’s project management service, as part of the land price, to assist in planning approvals and obtaining competitive build prices has proved to be very appealing to purchasers which enable Owner Occupiers to focus on their business”.

-ends-

For further information contact:
Investa Property Group
General Manager – Marketing, Katie Barton-Harvey
on 02 8226 9391 or 0427 234 862, kbarton-harvey@investa.com.au

About Paramount Industrial Estate
Paramount Industrial Estate (Estate) is located in the industrial growth area of Deer Park, in Melbourne’s west. The Estate totals 195ha and was purchased by Investa in September 2004. The Estate offers land for sale, pre-lease and turn-key solutions. The Estate has completely sold out of Releases 1-3 with only Release 4 and 5 remaining.

About Investa
Investa is one of Australia’s largest unlisted owners of commercial real estate. Headquartered in Sydney, Investa has management and development offices in Melbourne, Brisbane and Perth.

Since its inception in 2000, Investa has grown to control real estate assets of approximately A$8.5 billion. In September 2007, Investa was purchased by funds managed by Morgan Stanley Real Estate (MSRE) and delisted from the Australian Securities Exchange.

Prior to its delisting as a public company in 2007, Investa was rated number one on the Dow Jones Sustainability World Index (DJSI World) in both the real estate sector and the financial services super-sector. Investa was one of only three Australian companies included in the Global 100 (G100) list of sustainable corporations announced at the 2007 World Economic Forum in Davos. In 2008, Investa won Australia’s most prestigious prize for addressing climate change, the Banksia Climate Change Award.

Investa has proven experience in three key business areas:
•   Commercial Office Group
Investa boasts a fully integrated commercial real estate business. Investa buys, sells, owns, develops and manages high-quality office buildings in premier locations in Australia’s capitals. This end-to-end business model gives Investa the ability to ensure optimum quality and performance of its properties and its property services.

•   Funds Management
Investa manages a range of wholesale and retail funds on behalf of over 4,000 clients, who encompass institutions, superannuation funds, industry funds and retail investors. Funds under management are approximately A$2.1 billion.

•   Land Development
Investa undertakes commercial, industrial and residential development in select locations across Australia. Investa’s residential land developments encompass broad-acre subdivisions in New South Wales, Victoria, Queensland and Western Australia. Investa has a commercial, industrial and residential development pipeline with an estimated end value in excess of A$4.3 billion.