Construction Commences on Warehouse 2 at 48 Assembly Drive, Dandenong South
The 13,600sqm facility is divisible into two tenancies, targets a 5 Star Green Star rating, and is well connected to Melbourne's major transport ne...
Partnerships
Aliro Group acquires 63 Jedda Road, Prestons on behalf of Nuveen’s Asia Pacific Cities Fund
The 22,492 sqm asset is fully leased, well connected to major motorway infrastructure, and reflects continued institutional confidence in Australian industrial real estate.
Aakriti Chona / 8 March, 2026
Aliro Group is pleased to announce the successful acquisition of 63 Jedda Road, Prestons, a super prime, newly developed logistics facility in Sydney’s South West industrial market, on behalf of Nuveen, a TIAA company’s Asia Pacific Cities Fund (APCF).
The 22,492 sqm, 5-Star Green Star Design & As Built v1.3 rated asset is strategically located with direct access to the M5 and M7 motorways and in proximity to the Moorebank Intermodal Precinct. Fully leased to two quality tenants, the property delivers a long dated income profile supported by strong industrial fundamentals. The asset and the broader precinct are well positioned to benefit from sustained occupier demand and long term growth tailwinds.
This transaction reinforces continued conviction in institutional grade Australian industrial real estate. Congratulations to everyone involved in bringing the acquisition to completion.
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