Property Overview

In early 2020 GDI acquired a $98.0 million portfolio of 17 metropolitan Perth properties (the ‘Portfolio’) occupied by high-profile car dealerships and service centres located on major arterial roads. This included a total NLA of 95,779 sqm located in five different suburban locations of Perth; Morley, Maddington, Midland, Melville and Wanneroo.

The Portfolio has offered investors potential of an attractive distribution yield with capital gain potential from increased rents, tighter capitalisation rates and/or alternate underlying land uses. GDI has since divested a number of these sites for values above valuation.