MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
The industrial warehouse at 18 Fooley Court, Derrimut has sold for $52.5 million, with ESR Real Estate Investment Trust (ESR-REIT) acquiring the asset as part of its continued expansion across Melbourne's industrial market. The property comprises a 22,308sqm warehouse on a 3.5-hectare site, approximately 18 kilometres west of Melbourne's CBD. Fully leased to CEVA Logistics until 2031, the asset provides secure long-term income and reflects continued institutional demand for large-scale logistics facilities in Melbourne's tightly held western industrial corridor. The approved aged care development site at 110 Albion Road, Box Hill has sold off-market for $9.5 million to Estia Health, paving the way for a new residential aged care facility in Melbourne's east. The 5,047sqm corner site is approved for a 100-bed residential aged care home. The off-market transaction highlights strong demand for shovel-ready healthcare development opportunities. 71 Premier Drive, Campbellfield has sold for $7 million, highlighting continued demand from owner- occupiers for established industrial assets across Melbourne's tightly held northern industrial market. The 2,600sqm office and warehouse facility, on a 3,720sqm site, was acquired by a local business in the building products sector following a private sale campaign, reflecting a building rate of $2,692 per square metre. The property transacted within four weeks of launch. 81 Queen Street, Warragul has sold for $6.5 million, highlighting continued investor appetite for high-quality regional commercial investments backed by diversified income streams. The 1,831sqm mixed-use asset comprises a fully leased former hotel converted into retail and office accommodation, generating net income of $487,033 per annum. Acquired by a Tasmania-based private investor. Factory 3, 5–7 Maria Street, Laverton North has sold for $4.62 million following a competitive Expressions of Interest campaign that attracted more than 40 enquiries and six offers, highlighting continued investor demand for securely leased industrial assets. The 1,025sqm facility, on a 6,843sqm site with exceptionally low 15% site coverage, is leased to ASX-listed Cleanaway, generating a net passing income of $237,853 per annum. The property was purchased by an interstate investor. The landmark commercial freehold at 123–127 Maroondah Highway, Ringwood has been sold to a Melbourne-based hospitality group following a competitive Expressions of Interest campaign. The three-level, 1,525sqm purpose-built commercial building features indoor and outdoor entertainment areas, a lift and beer garden. Located opposite the Eastland Shopping Centre precinct. A well-known retail warehouse project close to the ETA factory in Melbourne's inner-west has sold to one buyer after being advertised separately. The six residences at the intersection of Ballarat Road and Lacy Street, Braybrook sold for $8 million, or $4,520 per square metre (land rate $1,976). The former warehouse at 3 Bedford Street, Collingwood sold for $2.26 million to owner-occupier Synq Projects following a competitive Expressions of Interest campaign that generated more than 64 enquiries. The transaction achieved a land rate of $14,027/sqm and a building rate of $7,018/sqm. A Melbourne CBD corner property occupied by a popular hospitality operator has sold, reflecting buyers' continued confidence in the city and the ongoing shift from residential to commercial property. The strata-titled asset was sold on behalf of a local vendor after a campaign generating 72 enquiries, with a local SMSF investor winning out at a building rate of $10,000/sqm and a 5.3% yield. The large format retail centre at 98–100 Hampstead Road, Maidstone has sold for $32 million to a private investor, highlighting continued demand for securely leased retail investments across Melbourne's inner west. The 8,072sqm multi-tenanted centre, on a 19,020sqm corner site ~8km from the Melbourne CBD, is anchored by Supercheap Auto and 99 Bikes, generating $1.437 million net annual income on a 4.49% initial yield. The multi-tenanted industrial investment at 93 Cheltenham Road, Dandenong has sold for $7 million to a private investor following a competitive Expressions of Interest campaign. The 3,069sqm multi-tenanted property sold on a 5.15% passing yield with a 1.5-year WALE.
V: Frasers Property P: ESR Real Estate Investment Trust (ESR-REIT)
18 Fooley Court, Derrimut
$52.5 million
Undisclosed
CBRE Australian Healthcare & Social Infrastructure's Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang
110 Albion Road, Box Hill
$9.5 million
P: Estia Health
P: Local Owner-Occupier (building products sector)
71 Premier Drive, Campbellfield
Colliers' Mitch Purcell, Corey Vraca and Brad Crouch
$7 million
CBRE's David Napoleone, Rachael Fabbro and Matthew Wright, together with Brendan Wetherall of Wetherall's Signature Realty
81 Queen Street, Warragul
P: Tasmania-based Private Investor
$6.5 million
Factory 3, 5–7 Maria Street, Laverton North
Knight Frank's Steve Jones and Andrew Gallucci
$4.62 million
P: Interstate Investor
HTL Property's Scott Callow and Daniel Ryan, together with Ted Dwyer of Ray White Commercial
123–127 Maroondah Highway, Ringwood
P: Melbourne-based Hospitality Group
Undisclosed
Ballarat Road & Lacy Street, Braybrook
$8 million
V: Private Investor
Undisclosed
3 Bedford Street, Collingwood
P: Synq Projects (rep. by Jeff Ha of Societe Group)
Colliers' Eddie Foulkes and Alex Browne
$2.26 million
302 Flinders Lane, Melbourne CBD
V: Local Vendor P: Local SMSF Investor
Fitzroys' Lewis Waddell, David Bourke and Ben Liu
Undisclosed
98–100 Hampstead Road, Maidstone
Ray White Retail's Rick Silberman
$32 million
P: Private Investor
93 Cheltenham Road, Dandenong
$7 million
P: Private Investor
CBRE
NSW DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
CBRE's Mathew Alessi and John Micallef, in conjunction with Luke Belotti and Mathew Neale of Macquarie Commercial
Thirteen industrial lots at Nepean Business Park in Penrith have been purchased by developers and owner-occupiers, underscoring the increasing competitiveness for serviced commercial land in Western Sydney .The sites ranged in size from 2,070 to 9,885 square metres, totalling 53,368 square metres.
Nepean Business Park, Penrith
P: Developers and Owner-Occupiers
$64 million
The $4 million sale of an off-market industrial property at 19-21 Leighton Place, Hornsby, set a record industrial land rate for the suburb of $2,152 per square metre, demonstrating ongoing demand for owner-occupier properties around Sydney's North Shore.
19–21 Leighton Place, Hornsby
$4 million
P: Owner-Occupier
Colliers' John Carney
12 – August / September 2026
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