James Hardie

Industrial Complex: O'Rorke Road, Penrose

Purchased in July 2004 as a long term investment and redevelopment opportunity for the Group, the property comprises two separate land holdings totalling 126,917 sqm, upon which are approx. 40,000 sqm of buildings.

Subject to a long term lease to James Hardie Industries, this property presented a unique land banking opportunity within a land pressure area.