Unilever Sells Knoxfield Manufacturing Facility

The 4.6 hectare site on Ferntree Gully Road, between Stud Road and Scoresby Road in the outer east, is expected to make way for either a new industrial park, or bulky goods centre, sources say. An existing 16,000 square metre building, built for Rosella in 1983 and later used by Unilever, occupies a small part of the large site, which has a street run through the middle of it.

The asset was purchased by local private developer Ian Wright, who earlier this month sold a portfolio of industrial assets to Valad Property Group for $51 million.

CB Richard Ellis director Jeremy Lewis, who sold the property with Andrew Stewart, said both owner occupiers and developers showed interest in the property, which is also near an Eastlink motor way exit.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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