Attracted to the Group’s industrial capabilities, the Future Fund partnered with Dexus to form the Dexus Industrial Partnership in June 2014.
Dexus Industrial Partnership’s vision is to leverage Dexus’s specialist skills in accessing, developing and actively managing industrial property to deliver attractive risk-adjusted returns. The partnership aims to aggregate a portfolio of quality Australian industrial properties that will generate income from long term high calibre tenants.
The partnership was seeded through the joint investment in industrial land at Greystanes in New South Wales, known as Quarrywest at Greystanes. Situated opposite Dexus’s Quarry at Greystanes Industrial Estate, the development will be delivered progressively from FY16 to FY18, targeting risk adjusted returns.
Quarrywest at Greystanes builds on the success of Quarry at Greystanes where Dexus has developed 170,000 square metres of high quality industrial facilities and secured a high calibre tenant base to anchor the estate.
Continuing the development momentum, Quarrywest at Greystanes has the potential to offer another 115,000 square metres of prime space to the market and position this unique precinct to become one of Australia’s largest premier industrial estates.