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.

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Marc Pallisco

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