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INDUSTRIAL

ASPECT BUILDING 1

788-824 MAMRE ROAD, KEMPS CREEK, NSW

Aspect Industrial Estate is a 56 hectare site located with direct frontage to Mamre Road in the Mamre Road precinct in Kemps Creek, close to Western Sydney International (Nancy-Bird Walton) Airport, due for completion in 2026. Building 1 forms part of Aspect North and was completed in 2024, 100% leased to Ceva Logistics. The estate, once complete, will include 9 state-of-the-art industrial warehouses.

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Ownership
MIV JV: 51% Mirvac, 49% ART
NLA
34,049 SQM

Summary information

Acquisition/Agreement Date Dec 19 & Dec 21
Valuation at 31-DEC-24 $50.2m
Valuer Directors Valuation
Capitalisation Rate 5.50%
Discount Rate 7.75%
Car Spaces 196
1. Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 9.1 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
CEVA Logistics 34,049 Jan-34

Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.