One Steel

Located in Launceston, Tasmania and situated on a 3.5 hectare site, One Steel was completed in 2008.

The project saw the redevelopment of One Steel’s existing 3,611 m2 distribution centre and the construction of an additional 2,000 m2.

One Steel committed to leaseback the distribution facility on a 15-year term with fixed annual reviews in place.

The redevelopment of the facility was completed on time and on budget in May 2008 and was sold to Hobart based GDA securities upon completion for $6.6m on a yield of 7.3 %.