Wingara Ag Limited buys Melbourne cold storage complex for $15.1 million

A cold storage complex on three hectares of land over two streets in Melbourne’s west has sold for $15.1 million.

The investment, spread across five titles and covering the addresses known as 5-17 Leslie Road and 6-10 Pipe Road, Laverton North, is trading to listed agricultural company Wingara Ag Limited.

Austco Polar Cold Storage – a business which Wingara Ag acquired earlier this year for $18.5 million – has three years left to run on a lease for the property, 18 kilometres from town, near the Boundary Road intersection with the Western Ring Road.

Knight Frank’s Gab Pascuzzi and Joel Davy were the marketing agents.

Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of realestatesource.com.au

error: Content is protected !!