Stage 2 · Investment Opportunity
Long-term, CPI-linked income secured by a global energy major.
Stage 2 of Terra Vista — Lot 10 on the endorsed plan, approximately 50,479m² (5.05 ha) — is under an Option to Lease with Pacific Blue for the proposed 866 MWh Bendigo Battery, a grid-scale BESS connecting into the adjacent 220kV Bendigo Terminal Station. Option fees are already being paid while Pacific Blue completes its approvals. We are now inviting expressions of interest from investors seeking a secure, long-dated return — indicatively in excess of 5% per annum over a potential 35-year horizon.
Investment highlights
Blue-chip tenant covenant
Pacific Hydro Australia Developments Pty Ltd (trading as Pacific Blue), backed by State Power Investment Corporation (SPIC), one of the world's largest power generation groups.
Income has already commenced
Staged option fees are payable under the Option to Lease, ahead of formal lease commencement, while approvals are completed.
Secure tenure up to 35 years
A 20-year initial term once the option is exercised, plus three further terms of five years each.
Inflation-protected income
Annual CPI rent adjustment, plus Market Rent Reviews at Year 25 and Year 30 — compounding, not static.
Fully passive holding
The tenant bears maintenance, outgoings and a minimum $20 million public liability policy.
Contractual make-good
The land is reinstated and remediated by the tenant at the end of the lease.
Strategic power-adjacent position
The site adjoins the 220kV Bendigo Terminal Station — a grid-connected land profile increasingly sought by data centre developers.
Dual exit pathway
Decades of contracted income now, plus a scarce power-connected development site for the next wave of digital infrastructure demand.
Indicative timeline
01
Option Period
Yrs 0–3 · fees paid now
02
Lease Commences
Option exercised
03
Initial Term
20 years · CPI rent
04
Further Terms
3 × 5 yrs · market review Y25 / Y30
05
Expiry / Reversion
Make-good → data centre / industrial upside
Key facts
- Location
- Bendigo, Victoria — Terra Vista landholding, Hattam Street, Golden Square
- Land Area
- Lot 10 — 50,479m² (approx. 5.05 hectares) on the endorsed plan under Permit DS/448/2024
- Land
- Lot 2 on PS918032U, Certificate of Title Vol 12612 Fol 772
- Tenant
- Pacific Hydro Australia Developments Pty Ltd (trading as Pacific Blue), backed by SPIC
- Permitted Use
- Construction and operation of a Battery Energy Storage System (BESS)
- Current Status
- Option to Lease in place — staged option fees already payable to the landowner
- Initial Lease Term
- 20 years from Commencement Date
- Further Terms
- 3 further terms of 5 years each (up to 35 years total)
- Rent Reviews
- Annual CPI adjustment, plus Market Rent Review at Year 25 and Year 30
- Outgoings & Insurance
- Borne by tenant — incl. minimum $20 million public liability cover
- End of Term
- Tenant make-good / remediation obligation — land returned clean and de-risked
- Strategic Position
- Adjoins a major power station — grid-adjacent land position
Expressions of Interest
Register for the Stage 2 investment.
Register your interest to receive the full investment memorandum and lease summary. Enquiries are handled directly by the owners — no agents.
Prefer to talk? Ring Jeremy 0437 907 000 or Gerald 0439 510 177.
Summary only, prepared for indicative discussion purposes — not an offer, or financial or legal advice. Indicative returns are not guaranteed. Future data centre / industrial development is a strategic opportunity identified by the vendor, not a contracted right under the Option to Lease or Lease; grid capacity, connection agreements and planning approval would need independent confirmation. Interested parties should seek their own legal, financial and planning advice.