Perth-based GM Property Group has sold its 4.1-hectare industrial site in Blackburn Victoria to east coast investment group Forza Capital for $31.5 million, on a passing yield of 6.6 per cent.
Perth-based boutique investment and development firm, GM Property Group, has made its fourth interstate asset acquisition in the last 12 months, buying an industrial property in Sydney's Blacktown
PERTH'S property market has had a busy start to the year, with offshore investors and local syndicators negotiating five purchases worth about $230 million.
Four Perth property sales worth $210 million have been announced in the past fortnight, including Herdsman's largest office building, an iconic city shopping arcade and two industrial properties.
