Investors outlay $13.65m on Langridge Street

Aesop recently committed to 2500 square metres at Peregrine Projects’ 88 Langridge Street.

A trio of small properties on Langridge Street, Collingwood, have traded for a total of $13.65 million.

Closest to the city, #140-142 has collected $4.5m from a textile business which intends to occupy.

On 275 square metres at the north west corner of Cromwell St, the asset contains 550 sqm of lettable area.

The price sets a land rate record of $16,363 per sqm, according to the marketing agent, Gray Johnson’s Brett Simpson.

On the north east side of Cromwell, an investor has paid $7.2m for 144-152 Langridge St (pictured, top), on a 500 sqm plot.

Over two storeys, the 1000 sqm office is leased to Gregory Ladner and STREAT.

The purchase price reflects a 3.3 per cent yield.

A little further east, 156-158 Langridge St – a single level former bar, restaurant and takeaway outlet – has traded for $1.95m (story continues below).

The buyer, who owns a nearby food operation, intends to occupy with a new hospitality concept.

Mr Simpson brokered both these deals too.

“Significantly these three deals all set local records on a per sqm basis and confirm that interest in Collingwood holdings is amongst the strongest in the inner eastern city fringe,” he said.

A fortnight ago we reported skincare giant Aesop committed to c2500 sqm at Peregrine Projects’ Langridge Lanes, under construction at 88 Langridge St – a deal negotiated by Emmetts Real Estate’s Andrew Milligan.

Last year Warner Music Group leased 256 sqm in a compact office recently completed by Pace at the south east corner of Langridge and Wellington streets.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of