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Press Release
Site Sale Could Pave Way for $1 Billion+ Last Mile Estate
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  • Infill industrial site provides rare opportunity in Laverton North

Infill industrial site provides rare opportunity in Laverton North

22 September 2015
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​Melbourne, 22 September 2015 – A major infill development site in Laverton North has been listed for sale for the first time in 15 years.

CBRE’s Harry Kalaitzis and Tom Hayes have been appointed to sell the circa 11.23ha industrial land holding on behalf of a private family.

The listing is expected to generate significant national and international interest given Laverton North’s position as one of the largest and fast growing industrial sub-markets in the country.

“Laverton North is heavily built out, which has forced developers to focus on alternate location such as Derrimut and Truganina,” Mr Hayes said.

“The opportunity to secure such a large parcel of undeveloped land in this sought after precinct will generate considerable interest – particularly in light of the exposure it provides to the West Gate Freeway and Western Ring Road.

The 1-11 Little Boundary Road site is situated 9km west of Port Melbourne and 11km from the CBD in the heart of Melbourne’s western industrial node.

The property is surrounded by a successfully developed industrial precinct and is bounded by the junction of the West Gate Freeway/Princes Freeway and Western Ring Road.

“The property is clearly visible from these major arterial roads and the exposure provided is extremely rare,” Mr Kalaitzis said.

“Freeway exposure, coupled with proximity to the Port of Melbourne and the Melbourne CBD, makes this offering particularly unique.”

Three titles make up the total land holding, which neighbours facilities occupied by Target, Baida, Harry the Hirer, MTU Detroit Diesel and Bulla Dairy.

Expressions of Interest close Thursday, 29th October, 2015 at 4pm.

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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 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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 at www.cbre.com.​ 

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