Both projects where developed over 1996 to 1998 and were substantially pre-leased or pre-sold prior to the commencement of construction. The Westport Business Park is located in Lorimer St, Port Melbourne – directly opposite the Yarra River. Comprising an office/laboratory centre for Inchcape Testing Services, with a further 5 office/wharehouse facilities, this project had an end value of $7.7M. The RACV Accident Repair Facility at Canterbury Rd, Vermont was built for the specific purposes of the RACV. It was both pre-leased and pre-sold prior to the commencement of construction for an end value of $5M. |
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