Danny Danziger divests two industrial investments
Former Albi director Danny Danziger has sold two industrial investments each side of the city.
In the biggest deal, the executive is banking a speculated c$21 million for a vacant warehouse on 1.69 hectares at 8-10 Healey Road, Dandenong South.
That value would reflect a significant capital gain on the $11.25m he outlaid.
With 12,176 square metres in two structures, the asset was marketed by Cushman & Wakefield’s Kosta Filinis and Gareth Jackson with Mulcahy Butera’s Robert Butera and David Butera, all who declined to comment.
Thomastown almond plant
Meanwhile, DD Properties – the entity which held 8-10 Healey Rd – has offloaded a Thomastown industrial investment for a speculated c$14m (story continues below).
Leased to Select Harvests until July, 360 Settlement Rd contains a large, triangle-shaped warehouse, utilised as an almost processing plant and a smaller improvement, divided by hardstand beneath powerlines.
All up the lettable area is estimated at c9739 sqm.
Mulcahy Butera was again the selling agency.
Mr Danziger paid $10.3m in 2013.
Subscribe to our newsletter at the bottom of this page.