Overland Properties leases two facilities in Melbournes Mulgrave
Overland Properties leases two facilities in Melbourne's Mulgrave
| 19 March 2019
Robert Magid’s Overland Properties has secured two new deals in separate Mulgrave assets, totalling over 5,000sqm.
Osteon Medical, the first commercially advanced dental implant production facility in Australia, has moved into 2,450sqm of ground floor office space at 759 Springvale Road after signing an eight-year lease; previously occupied by Catch of the Day.
Also moving into Mulgrave, Keysight Technologies has signed a 10-year lease at $240 per square metre. The leading technology company has secured 745 Springvale Rd on a 10-year lease, which features a 1,686sqm office and a 1,135sqm warehouse.
Ms Betts noted both tenants were seeking the exposure offered by the Mulgrave properties.
“Keysight Technologies, looking to consolidate the businesses, was interested in the asset’s office to warehouse ratio, as well as its high exposure. Whereas Osteon, similarly interested in exposure, was attracted to the size of the space on offer, given the company’s exponential growth,” Ms Betts added.
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