Danny Danziger divests two industrial investments

The Dandenong South asset covers 1.69 hectares.

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).

The Thomastown holding includes two buildings. Images: Google Street View.

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.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.