$34 million in transactions at Compass Truganina estate driven by surge in industrial strata unit demand

A mix of owner-occupiers and investors have snapped up 39 strata units at the Compass Truganina estate, with the total transaction value exceeding $34 million.

The estate, located at 43-45 Bonview Circuit in Truganina, was developed by Mercator Developments.

CBRE’s brokerage team comprising Cameron Giles, Lachlan May, and Fergus Pragnell worked closely with Mercator Developments over two years, providing strategic advice from the early design phase through to a detailed marketing campaign and final sales negotiation and settlement.

More than 85% of the units were sold before the project reached practical completion and after achieving record pricing for the area, the estate has become a benchmark for strata industrial offerings in the city’s core west.

Mr Giles noted the project’s success adds to a growing trend of industrial strata developments outperforming expectations, particularly in land-constrained markets where traditional warehouse space is increasingly scarce.

“Compass Truganina has set a new benchmark for strata industrial in Melbourne’s west, and in Truganina specifically. The strong demand we’ve seen reflects the market’s appetite for high-quality, well-connected industrial space. It’s been a privilege to help bring this vision to life,” Mr Giles added.

Mr Giles said owner-occupiers and investors were the main purchasers within the estate, with a diverse range of occupiers spanning industries such as corporate trade users, e-commerce and manufacturing alongside private investors. Many first-time ‘mum and dad’ investors also purchased within the estate

Positioned in one of Melbourne’s fastest-growing logistics corridors, Compass Truganina offers immediate access to key arterial roads and transport infrastructure, making it an attractive proposition for businesses seeking scale, efficiency, and long-term value.

The estate offered units from 60sqm up to 600sqm, allowing a versatile product mix to cater to an array of buyers, underscoring the strength of demand for well-located, flexible industrial units in Melbourne’s western suburbs. Only five units remain available for sale.