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AirRoad Logistics Leases New Derrimut Headquarters

Mr Newsham said industrial pre-leases for unbuilt Melbourne facilities has totaled 220,000 square metres this year.

Elsewhere in the immediate area, Slidecross Transport recently committed to an established 20,000 square metre office warehouse at 463A Somerville Road, Brooklyn, previously occupied by Matrix Transport.

Across town, automotive retailer Autobahn recently leased a 22,541 square metre office warehouse in Nunawading, previously occupied by Pacific Brands division Holeproof, before it moved offshore in 2009.

The Nunawading factory is owned by the Perth-based Aspen Group, which this week sold the L’Oreal headquarters building at 564 St Kilda Road for $33.3 million after paying another Perth based fund manager, Cape Bouvard, $25 million for it in November 2004.

About Marc Pallisco

Marc is a leading Real Estate freelance writer, author and analyst. He is also the founder for and is also employed as lead property writer for The Age. He currently resides in Melbourne, Victoria.

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