Viking Transport has paid $12 million for a 10-hectare industrial facility in Melbourne’s west.
The purchase, of 441 – 459 Kororoit Creek Road will be the fourth owner-occupied site in the area for the transport and logistics group.
Knight Frank selling agents Matt Crofts and Andrew Macqueen said that with industrial vacancy rates levelling at about 4 per cent during the economic downturn, demand from both tenants and investors has been strong.
Elsewhere in the area, General Property Trust has made $3.1 million from the sale of a 5285 square metre office warehouse facility at 24 – 46 Westgate Drive, Altona North.
Hong Australia, a wholesale distributor responsible for delivering Victorians SPAM and Sun Rice, purchased the site which was marketed by Colliers International.