MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
2585 Berwick-Cranbourne Road, Clyde
Victorian Racing Club board member and Black Caviar owner Neil Warrett has purchased a significant industrial site in Clyde North, Victoria. The 53.58-hectare site was sold by Steven Sass, co-founder of Oreana Group Logistics investment house Logos has sold a vacant industrial site in Truganina for $44.4 million. The industrial site is purchased by Cadbury's parent company, Mondelez, it is to house a 42,800 sqm automated warehouse. Success Logistics has acquired an office warehouse in Truganina for $13.5 million. The 5,061 sqm, 2B Dunmore Drive facility is situated within Truganina’s main industrial precinct, with high-profile surrounding tenants including Coles, Star Track, DHL, and Lineage Logistics.
V: Steven Sass P: Neil Warrett"
$130 million
LAWD's Paul Callanan & Pater Sagar
Truganina
V: Logos P: Mondelez
CBRE's Ricardo Cappelletti, Lachlan May, Fergus Pragnell and Tom Murphy
$44.4 million
2B Dunmore Drive, Truganina
V: P: Success Logistics
$13.5 million
CBRE's Ricardo Cappelletti, Fergus Pragnell and Tom Murphy
$8.5 million
249 Greens Road, Dandenong South
A private investor has swooped on a 2,937 sqm United Petroleum service station, as part of an on-market sales campaign managed Jones Real Estate.
P: Private Investor
Jones Real Estate's Paul Jones and Tim Spargo
$2.86 million
1 Gilbert Drive, Altona North
Jones Real Estate has sold an 864 sqm retail and showroom space at 1 Gilbert Drive, Altona North to a private investor for $2.86 million.
P: Private Investor
Jones Real Estate's Tim Spargo and Luke Peric
$5.265 million $51.785 million
27 Windsor Place, Melbourne
JLL's Melbourne CBD Sales Team have sold an East-End Melbourne CBD freehold days after EOI closed for $5.265 million A five-level office building located on Wellington Parade South in East Melbourne has sold for over $51 million to a local commercial property investment manager, Bayley Stuart. A logistics facility in Dandenong South was purchased by Centennial for $19.8 million. It was sold by leading floral industry supplier, Apack, on the condition that the buyer enters into a leaseback at settlement, with the lease term being three years.
V: Private Seller P: Private Buyer
CBRE's Nick Pedan, Josh Rutman and MingXuan Li Colliers agents Daniel Wolman, Matt Stagg, Oliver Hay and Leon Ma Scott Braithwaite of Knight Frank
289 Wellington Parade South, East Melbourne
V: Harmony Property Investments P: Bayley Stuart
$19.8 million
20-50 Waterview Close, Dandenon South
V: Apack P: Centennial
Direct
$9.7 million
1385 Mornington-Flinders Rd, Main Ridge
Melbourne fund managers Ben Gray and Dion Hershan have partnered to buy boutique Mornington Peninsula winery, T'Gallant Wines.
V: Tresury Wine Estates P: Ben Gray and Dion Hershan
$5.6 million
726-732 Nicholson Street, Fitzroy North
A prized land-rich landholding in Fitzroy North has sold for $5.6 million after an array of buyers competed for the rare opportunity to occupy or redevelop in Melbourne’s highly sought-after inner north. The former site for Pembroke Secondary College Cambridge’s Kilsyth campus has been purchased by the Yarra Ranges Shire with intentions to use the 3.581-hectare site at 150 Cambridge Road for open space A national car and truck retailer has acquired a 3,621 sqm industrial site at 403-405 Old Geelong Road from Vincent and Damian Drum. The new owner intends to occupy the property, which is currently tenanted by WestSide Car City. One of Australian's most renown commercial property families, the Cohens, have acquired the beloved Hotel Esplanade for approximately $64 million, four months after the Australian Venue Company acquired the leasehold for the property. One of the Yarra Valley’s most recognisable hospitality offerings has been purchased by leading tourism and leisure investment group Elanor Investors A major 2,380 sqm industrial facility at 45 Gaffney Street contains a showroom/factory/ warehouse with exposure to Gaffney, Cope, and Stock Street. Situated in close proximity to Sydney Road and Batman Railway Station, the property is well-centralised to capitalise on Coburg's continued growth. A row of high-end fashion outlets on High Street have been purchased for over $30 million by family offices associated with senior directors of Melbourne developer, Central Equity.
V: Private Seller P: Private Buyer
Fitzroys’ Chris Kombi and Ervin Niyaz
Direct
$6.44 million
150 Cambridge Road, Kilsyth
V: Maroondah City Council P: Yarra Ranges Shire V: Vincent and Damian Drum
$4.35 million
403-405 Old Geelong Road, Hoppers Crossing
Steve Jones and Joel Davy of Knight Frank, in conjunction with Tim Darcy and Andrew Prowse of Darcy Jarman. Gorman Allard Shelton's Joseph Walton and Jonathon McCormack HTL Property’s Andrew Jolliffe and Nic Simarro, and Burgess Rawson’s Zomart He Craig McKellar, Luca Angelico, and Ian Angelico of CVA Property Consultants
$64 million
11 The Esplanade, St Kilda
V: Sand Hill Road P: The Cohen Family
Undisclosed
Chateau Yering, 42 Melba Hwy, Yering
V: Matt Zhang P: Elanor Investors
N/A
$4.9 million
45 Gaffney Street, Coburg
$30 million
1075 High Street, Armadale
P: Dennis Wilson and Darren Blankfield
Josh Rutman, Jesse Radisich, Nick Peden and MingXuan Li of JLL
$10.94 million
Unit 9/53 Gateway Blvd, Epping
A local industrial developer has purchased the final allotment in MAB Corporation's Alliance Business Park in Epping.
P: Local developer
CBRE's Daniel Eramo, Joe Brzezek, Jake George and Corey LeFavi
18 – February / March 2023
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