Kinkora sells high profile Melbourne asset
Kinkora Investments has sold a south east Melbourne office/showroom/warehouse after 21 months.
The asset manager until recently known as KM Property Funds banked $12.8 million for the Lynbrook asset, 42 Northey Road, also known as 6-10 Business Park Drive.
The buyer, All Plant Properties, settled February after 60 days.
Colliers’ Daniel Telling and Billy Kanakis brokered the off-market deal.
Kinkora paid Westbridge $9.6m in March, 2025.
Also today we are reporting the asset manager acquired a Laverton North property with plans for an Industrial Outdoor Storage investment.
Off-market deal
Developed in 2007, 42 Northey Rd contains 3393 square metres in two buildings for years occupied by Ausbricks and OneSteel’s Infrabuild (continues below).
The 1.26 hectare site is zoned Commercial 2.
Its west boundary is exposed 115.8 metres to the Western Port Highway.
“This transaction highlights the continued demand from owner occupier purchasers for high quality manufacturing facilities located within established industrial precincts,” the agents said.
“Strategically positioned within Melbourne’s high performing south east industrial market, the property offers exceptional exposure and connectivity to key arterial roads,” they added.
Lynbrook is about 36 kilometres from the CBD.
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