Industrial & Logistics

125-175 Patullos Lane

Address

125-175 Patullos Lane
Somerton VIC 3062

Project Details

  • Sector: Industrial & Logistics
  • Strategy: Value Add
  • Vehicle: CDIT 4
  • Status: Current
  • Occupier: Steel Mains Pty Ltd

Building Area

32,987 sqm

Site Area

121,700 sqm

Overview

125-175 Patullos Lane located in Somerton, Melbourne’s North, comprises a large-scale steel pipe manufacturing and storage facility. The property is tenanted by Steel Mains, Australia’s largest manufacturer and supplier of pipeline systems.

Cadence secured the asset as a strategic long-term investment underpinned by Steel Mains’ strong covenant. The facility’s scale and functionality support specialised manufacturing and significant storage capacity. Positioned in a key northern industrial precinct, the property offers stable income, limited competing supply, and long-term security through the tenants ongoing operations and continued demand for critical infrastructure products.

Location

125-175 Patullos Lane, Somerton, VIC 3062

Key Contacts

Erika Peter

Senior Asset Manager

Mark Gower

Head of Asset Management