90-96 Maribyrnong Street, Footscray
- year 2019
- location Victoria
- sector Commercial real estate
- role Asset and investment manager
- value $33m
90-96 Maribyrnong Street is a 4 level office building located in the inner-western suburb of Footscray, 5km west of the Melbourne CBD.
Acquired by the Planum Footscray Fund, the property is fully leased with a 6.5 year WALE providing investors with a stable forecast income return.
Footscray is a strategic location due to its proximity to Melbourne’s CBD and major infrastructure upgrades such as the $1.5 bn Footscray Public Hospital and the West Gate Tunnel Project.
Planum Partners sourced the opportunity off market and is the asset and investment manager of the Fund.