The international expressions of interest campaign is being run by CBRE’s Scott Orchard and Tom Ryan with Dawkins Occhiuto’s Andrew Dawkins and Tim Grant. ▲ Botanicca 7 has a strong four-year WALE and is 100 per cent leased.īotanicca Corporate Park is on a stretch of the Yarra River bank that separates Richmond and Hawthorn with major corporate occupiers and tenants including Bunnings, David Jones, Country Road and Mitsubishi. “Garda, as it has done previously, is divesting these assets to recycle capital into the delivery of our 160,000sq m industrial pipeline in Brisbane,” Madsen said. Garda Property Group’s managing director, Matthew Madsen, said Garda wanted to continue with its strategy of developing projects to sell and then reinvesting that capital into other projects.
It has an estimated fully leased net income of about $3.9 million a year. It has a passing net income of about $3.3 million a year.īotanicca 9 has long-term leases with tenants Fujifilm, Servier Pharmaceuticals and NuVasive Inc. The developer plans to sell Buildings 7 (Botanicca 7) and 9 (Botanicca 9) within the precinct on Swan Street, Richmond.īotanicca 7 has six storeys with 6587sq m of space while the new Botanicca sq m also over six storeys.īotanicca 7 has a strong four-year WALE and is 100 per cent leased with multi-national tenants including Golder Associates and Fulton Hogan. Developer Garda Property Group has listed two of its Botanicca Corporate Park buildings with an expected combined price of more than $120 million.
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