24 May 2024
In 2019, PMG’s Direct Office Fund acquired 65B Main Highway as part of its strategy to invest in well-located office assets in key metropolitan areas, with opportunities to add value through proactive management and leasing initiatives.
The property offered strong fundamentals, including ample car parking and two long-term government tenants contributing over 80% of the rental income — providing both stability and diversification for the Fund.
While the building was well-presented, the granite-tiled façade presented a growing safety risk due to adhesive failure. PMG initially managed this through quarterly inspections and repairs, but worsening conditions prompted a full façade upgrade in 2023.
Download the full case study here to learn more about PMG’s risk-led approach, the challenges of upgrading a fully occupied building, and how we partnered with Function + Form to deliver a practical, tenant-first solution.
Disclaimer: The information in this blog is general and current as at June 2024. It is not intended as regulated financial advice under the Financial Markets Conduct Act 2013 and does not consider your specific circumstances. PMG does not provide financial advice. Please consult a licensed financial advisor before making investment decisions.
