Penleigh and Essendon Grammar School is speculated to have bought a major industrial asset next door to its 24 hectare Keilor Park sports ground.
The 9620 square metre property, 91-101 Wright Road (pictured, top), is believed to be costing about $14 million.
It contains a modern 4582 sqm office/warehouse occupied by Swiss logistics giant Keuhne and Nagel on a lease expiring in January with no options.
There are also 71 car parks.
PEGS set to occupy
PEGS is expected to occupy the facility, about two kilometres from its East Keilor senior school.
The college paid MAB over $13m for the neighbouring parcel, 127 Wright Rd, part of the Translink business park, in 2005 (story continues below).
Now with ovals, hockey/soccer and softball fields, tennis courts and clubrooms, it is also used by the Essendon Football Club for pre-season training.
Rendina Real Estate’s Lou Rendina and AC Capital & Advisory’s Anthony Carbone marketed #91-101.
The agents and a school representative declined to comment.
Earlier this week a McBride Charles Ryan designed music school, at PEGS’ Essendon campus, won an Australian Institute of Architecture Award for best educational project.
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