Melbourne, 27 August 2013- A private family has put their 61 hectare development site on the market, arguably one of the best industrial sites to be marketed in recent years.
442-540 Dohertys Road in Truganina is an extensive plot of land, sitting on a corner site within the largest and fastest developing industrial market in Australia.
Tom Hayes and Matt Sampson from CBRE’s Industrial & Logistics Services Team have been exclusively appointed to market the site, along with Charlie Buxton from CBRE’s Development Services Team.
Mr Hayes said this is a flagship industrial development opportunity worthy of national and international consideration.
“Industrial development is now built up around the site making this a sought-after plot; this is one of the last remaining true infill super sites in the western market. We anticipate this will be a hotly contested battle between some of the largest private and institutional developers, both locally and overseas,” said Mr Hayes.
“Additionally, buyers will be attracted to site due to its regular square shape, main road corner location within the largest sub market in the country and the fact it’s within 20kms of Melbourne’s ports and CBD.”
Mr Sampson said a fantastic opportunity exists to create a premium industrial park located in the key pocket of the western industrial market.
“The properties position located amongst a developed precinct represents a rare opportunity for developers to profit from existing demand, without the risk of pioneering new undeveloped precincts,” said Mr Sampson.
“With a well advanced planning status and all required services for an industrial development, the property is substantially de-risked and ripe for development.The scale of this opportunity at over 61 hectares will guarantee the successful purchaser the opportunity to make their mark on the western industrial market of Melbourne.”
For more information please contact Matt Sampson on 0409 351 814, Tom Hayes on 0413 997 703 or Charlie Buxton on 0400 330 319.
For Australian/international news or global stories, follow us on Twitter.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.