Derrimut – realestatesource

IOOF Investment Management Ltd has paid $24 million for a 27,000 square metre industrial facility in Melbourne’s west.

The Derrimut investment is within Australand’s West Park Industrial Estate – a 290 hectare industrial park located fifteen kilometres from town on Boundary Road, abutting the Deer Park Bypass.

Just over a year ago IOOF paid $19 million for another asset in the Australand estate. Other West Park occupants include Mitre 10, Freight Specialists, La-Z-Boy and Bed Bath N’Table.

Victoria

AirRoad Logistics Leases New Derrimut Headquarters

November 30, 2010 Marc Pallisco Derrimut, Melbourne industrial lease

AIRROAD Logistics will relocate its headquarters from Laverton North, to an as-yet-unbuilt 21,500 square metre office warehouse at the Paramount Industrial Estate, in nearby Derrimut, after signing a 10-year lease for an Elgar Road facility.

Colliers International’s Stephen Newsham and Nathan Bingham negotiated the pre-lease for the land owner, a private investor.

Sources speculate market rents at Paramount circle $57 per square metre, per annum before incentives (a rental discount offered to tenants, usually in the form of a rental discount, or contribution to fit-out).

Victoria

Builder Buys Industrial Development Site, Derrimut, Melbourne

October 3, 2010 Marc Pallisco Derrimut, Melbourne Industrial Development Site Sale

MELBOURNE based builder Property Investment Trust plans to build a 10,000 square metre distribution warehouse at the Gilbertson Industrial Estate,