Transport groups trade Perth depot

Skippers Transport bought 91-103 Kurnell Road (outlined).
Perron Group offloaded 26 Dowd Street two years ago.

Cleveland Freightlines – which closed last December after 45 years – has sold one of two recently listed former depots for $10.3 million.

At 91-103 Kurnell Road, Welshpool, 11 kilometres south east of Perth, the property is trading to family owned Skippers Transport, which also plans to occupy.

Arrow Capital Partners paid $23.3 million for a Welshpool investment in 2021.

Skippers, which was established in 1961, is headquartered in the suburb, at 11 Fargo Way.

It also has a Subiaco office for its Accounts department.

The company offers general and chilled freight, container cartage, heavy haulage, and mine consolidation transport.

The sale comes two years since Centuria paid $35.1m for a 3.8ha Welshpol asset, at 48-54 Kewdale Rd.

Also in 2021, Perron Group divested a 1.12ha warehouse in the suburb, 26 Dowd St, to an occupier for $5.9m.

Arrow Capital Partners, meanwhile, outlaid $23.3m for an investment at 59-87 Pilbarra St two years ago.

That seller was APIL Group (story continues below).

Cleveland is close to selling its 3.7 hectare Regency, Adelaide, depot.

One to go

On 1.8 hectares, 91-103 Kurnell Rd includes a collection of older style warehouses and workshops.

Cleveland has owned it for 25 years.

“The sales campaign attracted interest from over 50 national and local owner occupiers and developers, looking to acquire the…land holding in a location which is tightly held and highly sought,” JLL co-marketing agent Chris Monterosso, said.

Colleague Luke Schreier added “the sale underscores the continued interest and confidence in the Welshpool industrial sector, evidenced by a land rate of $563 per sqm, displaying the value and untapped potential of the site”.

Following the sale, Cleveland has one asset to sell – 9-15 Wirriga Street, Regency, six kilometres north of Adelaide.

Also its ex-headquarters, that property is under contract with a South Australian buyer.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of