90-96 Maribyrnong Street, Footscray

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.