MARKET MOVES VIC DESCRIPTION
VENDOR/ PURCHASER AGENCY
SALE $
A major logistics facility at 725 Boundary Road, Truganina has sold for $180 million, marking one of Melbourne’s largest industrial transactions of the year. The large-scale asset, located in a core western logistics precinct, highlights continued institutional demand for prime, well-connected industrial property. A residential development site at 214–220 & 222–226 Park Street, South Melbourne has sold for circa $25 million in a competitive off-market campaign. The consolidated inner-city holding attracted 10+ active groups, highlighting strong demand for premium apartment development opportunities in Melbourne’s city fringe.
725 Boundary Road, Truganina
Nick Saunders and Hugh Gilbert of Colliers.
$180 million
P: Private Investor
214–220 & 222–226 Park Street, South Melbourne
Colliers' Jozef Dickinson, Tim Storey, Philip Heberling and Aaron Choong Darren Beehag, Justin Kramersh and David Napoleone of CBRE, with Ben Baines and Alex Browne of Colliers acting for the purchaser The deals were negotiated by Nathan Edgar and Chris Bolsin of Knight Frank.
$25 million
P: Private Investor
476–478 High Street, Prahran
A prime inner-city development site at 476–478 High Street, Prahran has sold off-market for $12 million, highlighting strong demand for large-scale infill opportunities.
$12 million
P: Little Projects
More than 6.6 hectares of industrial land within the Ballarat West Employment Zone (BWEZ) has sold across four transactions totalling over $9 million. The sites, spanning Discovery Road and Assembly Avenue, were acquired by a mix of industrial occupiers, highlighting strong demand for strategically located regional land. A blue-chip retail asset at 456–460 Toorak Road, Toorak Village has sold under the hammer for $4.55 million, setting a record 1.5% net yield for the precinct. The Rail, Tram and Bus Industry Union Victorian division has purchased a renovated office at 15–19 Gracie Street, North Melbourne for $4.5 million, as it prepares to relocate its headquarters within Melbourne’s inner north. The dual-title holding, which also includes an open-air car park at 11 Gracie Street, comprises 832sqm of office space over two levels on a 1,068sqm site, with a total of 16 parking bays. The Special Use-zoned property sits opposite Clayton Reserve in the heart of the Arden urban renewal precinct.
Ballarat West Employment Zone (BWEZ)
$9 million
P: Private Investor
456–460 Toorak Road, Toorak Village
Mark Talbot and Lewis Waddell of Fitzroys
$4.55 million
Undisclosed
15–19 Gracie Street, North Melbourne
CVA’s Ian Angelico, Matt Knox and Craig McKellar.
$4.5 million
P: Private Investor
24–28 Williams Road, Dandenong South
An industrial facility at 24–28 Williams Road, Dandenong South has sold for $5.8 million, reflecting strong demand for low site coverage assets in Melbourne’s south-east.
Sam Hibbins and Luke Lowden of Colliers
$5.8 million
Undisclosed
The former Star of the Sea school site at 42 Canterbury Road, Warrnambool has sold to a Melbourne- based developer following a competitive campaign. The 14,634sqm corner landholding, just 600m from the CBD, attracted six offers, highlighting strong demand for large-scale regional development sites. A prime CBD office freehold at 470 Collins Street, Melbourne has sold for $60,350,000 following a highly competitive EOI campaign. A multi-level medical building at High Street, Armadale has sold via private sale. The 275sqm property on a 409sqm landholding is purpose-built for healthcare use, featuring 10 fully fitted consulting rooms, strong exposure and on-site parking, attracting both owner-occupiers and investors.
David Napoleone of CBRE and Mark Dwyer of Ludeman Real Estate.
42 Canterbury Road, Warrnambool
Undisclosed
P: Private Investor
470 Collins Street, Melbourne
Cushman & Wakefield's Leon Ma
$60.35 million
Undisclosed
High Street, Armadale
Tim Cooney and Jordan Carroll of CVA Property Consultants
$3.875 million
Undisclosed
36 & 40–42 Cumberland Road, Pascoe Vale
The Cumberland Collective at 36 & 40–42 Cumberland Road, Pascoe Vale has sold for a combined $3.4 million to Melbourne Racing Club.
P: Melbourne Racing Club
Lucas Soccio and Travis Keenan of Colliers
$3.4 million
ACT
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
A long WALE office asset at 9 Brisbane Avenue, Barton has sold off-market for $86 million, reflecting a 5.73% yield. The 14,700sqm landholding, home to the Australian Federal Police, is secured by a long-term lease to 2036 and marks the first long WALE transaction in the Parliamentary precinct since 2022.
9 Brisbane Avenue, Barton
$86 million
Undisclosed
Colliers Matthew Winter
SA
VENDOR/ PURCHASER AGENCY
DESCRIPTION
SALE $
65–69 West Avenue & 12 Kaurna Avenue, Edinburgh
A core-plus industrial asset at 65–69 West Avenue & 12 Kaurna Avenue, Edinburgh has sold for $18.1 million, highlighting strong national demand for Adelaide industrial investments.
Max Frohlich and Ryan Mills of Knight Frank
$18.1 million
Undisclosed
A significant industrial development site at 34–50 Essington Drive, Edinburgh has transacted for circa $14.85 million in an off-market deal.
Anthony De Palma and Henry Treloar of Leedwell
$14.85 million
Undisclosed
P: RealSide
16 – May /June 2026
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