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  • PFD Foodservices divests Knoxfield property for $4.7m

PFD Foodservices divests Knoxfield property for $4.7m

Melbourne | 4 July 2018
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Food distribution company, PFD Foodservices, has divested its Knoxfield cold storage facility in Melbourne’s east for $4.7 million. 

CBRE’s David Aiello, Sasan Misaghian and Joe Brzezek, conjunctionally with Gorman Kelly, negotiated the sale of the 26 Rushdale Street property on behalf of PFD Foodservices. 

Situated on a 9,480sqm site, the older style cold storage facility was purchased by a developer looking to capitalise on the property’s underlying land value. 

“Significant land growth in Melbourne’s eastern industrial precinct underpinned strong buyer interest in the property, with a developer outbidding an owner occupier to secure the almost 1ha site,” Mr Misaghian said. 
 
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