Thursday, 19 November, 2020 - 09:00
Pandemic puts spotlight on industrial strength
While not the most glamorous assets in the commercial property sector, bulk warehouses, workstations, logistics centres and sheds have proved their worth in 2020.
Julie Drago has been the chief executive of industrial property developer Hero Properies since 2019, and Realside Ovest since July 2021.
Ms Drago learnt the ropes at a young age, helping in her family’s fabrication business and as they moved into industrial property development in the 2000s. She joined industrial and commercial property development and management group Hero Properties in 2008 as executive director and stepped up to chief executive in 2019.
Ms Drago launched property fund Ovest Industrial in 2021, with Realside Property. The fund aimed to acquire more than $100 million of Western Australian industrial assets.
Ms Drago became a member of the Property Council of Australia WA’s divisional council in 2018 and its industrial lands and infrastructure committee in 2017. She is also a non-executive director of Mendolia Seafoods, director of Fairbridge Investments, and a committee member of the City of Kalamunda.
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While not the most glamorous assets in the commercial property sector, bulk warehouses, workstations, logistics centres and sheds have proved their worth in 2020.
Perth’s growing pains continue to cause tensions between residential and industrial development.
Realside Property has launched an industrial fund under new investment management platform Ovest Industrial, headed by industry leader Julie Drago.
The pandemic and uptick in e-commerce is continuing to drive the hype around industrial assets.
Realside Financial Group has launched another property fund via its investment management platform Ovest Industrial, capitalising on demand for industrial assets.
Supply constraints are putting pressure on an increasingly active WA industrial property market.
Hero Properties chief Julie Drago, behind the $122 million Realside Ovest fund, has launched a property management division of the company.
The biggest local fund managers developed their reputations decades ago.
Julie Drago is among the industry veterans identifying opportunities in an increasingly tightening industrial market.
Industry experts say rental growth in the industrial sector may stall, as tenants grapple with affordability constraints.
The owners of 108 St Georges Terrace are keen to reposition the asset.
The Julie Drago-led company has added two Kewdale properties to its stable of assets for $6.3 million.
Confident industrial landlords are pushing ahead with new builds without pre-commitments from tenants.
The Perth industrial developer has bought a Kwinana property for $5.59 million.
Industrial developers are waiting for up to two years to have their projects connected to the grid, prompting calls for change.
The Realside Ovest asset has leased to a mining services company for $208/sqm.
Perth’s industrial property market is still performing strongly but is showing signs of slowing.
Perth property developers continue to grapple with Western Power connection delays, while the utility insists work is underway to clear backlogs and improve timelines.
The Realside Ovest founder will take the reins from Hawaiian’s Richard Kilbane.
Our weekly appointments wrap includes Catherine Elliott, John Poynton, Marion Fulker, Julie Drago, Ross McEwan and Noel Quinn.
Escalating building costs, lagging building approvals, labour shortages – our experts pinpointed these as some of the major issues facing the property market today and to counter them have had to be more innovative than ever before.
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Julie Drago is linked to 3 organisations which are included in 4 lists - Associations, Property - (Built-form) Developers, Fund Managers and Private Companies - Large.
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