Garda Property

Garda Property has recently obtained updated independent valuations 3 of its office assets for year end purposes, recording an average increase of 2.8%.

A Hawthorn East office building is set for a major refurbishment after being purchased by the Brisbane-based Garda Property Group for $20,100,000.

GARDA Property Group has received independent valuations as at 1 April 2022 on nine buildings representing approximately 60% of its portfolio value, resulting in a $22.5 million increase in portfolio value to $603.3 million.

GARDA Property Group has secured tenants for two key assets in its Melbourne office portfolio.

Garda's shift to industrial has delivered investors a total securityholder return of 35% in FY21 and a return on equity of 29%.

Garda Capital has today confirmed the settlement of a 32-hectare development site at North Lakes which will seek to develop into a master planned industrial estate.

GARDA Property Group has executed unconditional contracts to acquire three industrial development properties in Brisbane worth $30m.

Cap rate compression has lifted GARDA Property Group +4.4% today following revaluations which take the proforma Net Tangible Assets to $1.45 per stapled security, up 21%.

GARDA Property Group has announced the sale of three non-core asset, all above book value, totalling $30.6 million and has progressed lease commitments to its Wacol, Berrinba and Botaniccca 9 assets.

GARDA Property Group has signed up Fuji Xerox Australia as a foundation tenant at its recently developed Botannica 9 building in Richmond.