Occupiers spend over $18m in Truganina

The Dunmore Drive asset (also pictured, top) sold for $13.5 million.

Occupiers have swooped on two Truganina industrial assets.

In the biggest deal, Success Logistics paid $13.5 million for a 5061 square metre office/warehouse on 9249 square metres at 2B Dunmore Drive.

“The sale represents $2700 per sqm, a record rate for a facility of this size in Truganina,” CBRE’s Ricardo Cappelletti, who marketed the asset with Fergus Pragnell and Tom Murphy, said.

“This is a testament to the market conditions and the replacement cost of the asset with rising land values as well as construction costs,” he added.

The property also contains 1000 sqm of hardstand and 40 car parks.

Conrock buys permit-ready site

Meanwhile, developer Conrock has outlaid $5.6m for a 7232 sqm site at 40 National Dve, within Goodman’s Connect West estate.

The land was offered permit-ready for a 4500 sqm office/warehouse – which the incoming owner will develop for a distribution centre to occupy (story continues below).

Conrock is planning a distribution centre at 40 National Drive.

The vendor outlaid $3.98m in March, 2021.

“With no existing buildings available to purchase within the required size range, we are seeing a wave of owner-occupiers looking to acquire quality land opportunities,” Mr Cappelletti, who marketed the property with Mr Pragnell, Mr Murphy and Lachlan May, said.

“Multiple owner-occupiers and a developer competed to secure the lot, with the location among national occupiers and the existing planning permit being major draw cards,” he added.

“The site is surrounded by high quality brands such as Target, Woolworths and The Reject Shop,” according to the executive.

Aliro Group, Charter Hall, Dexus, ESR, Frasers Property Industrial, GPT, LOGOS, Mapletree and Time & Place are amongst the major groups to hold Truganina industrial product.

Stockland is planning a $2 billion estate in the suburb too, on a 260ha parcel it co-controls with Mt Atkinson Holdings, directed by Melbourne property investors and developers Anthony Caligiuri, David Scalzo and Eli Goldfinger.

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Marc Pallisco

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