Melbourne, 1 November 2013- Peet Ltd has put their 24.3 hectare industrial development site on the market.
The regular shaped plot on Palmers Road in Truganina benefits from minimal physical constraints, with 23.08 hectares of net developable area.The site already has approved planning permission for 45 industrial lots, with a range of lots sizes from 2,200sqm to 20,050sqm.
Palmers Road is located within Melbourne’s western industrial node approximately 18km west of the Melbourne CBD and sits within the largest and fastest growing industrial submarket in the country.
CBRE’s Tom Hayes & Charlie Buxton are the selling the site in conjunction with Dawkins Occhiuto’s Walter Occhiuto and Andrew Dawkins.
Mr Hayes said the site is well advanced in the development process and is ready for immediate development into a premier industrial and business park.
“With both an approved precinct structure plan and an approved planning permit for an industrial subdivision, the site is significantly de-risked and ready for development,” said Mr Hayes.
Mr Occhiuto added there is now plenty of industrial development in the area, with Coles, Fosters, Pacific Brands, Kmart and Woolworths all within close proximity.
“The premier logistical status has attracted an influx of major local and international logistics and warehousing occupiers. The site is further underpinned by its relationship to burgeoning residential areas directly to the south, providing an ever increasing local employee base,” Mr Occhiuoto added.
Make your mark on the western industrial market; Private Deadline Sale closes at noon on Thursday 14th November 2013.
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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 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.