Melbourne

Pipe Road popular haven for industrial occupiers

E-bay powerhouse, Princess Trade, has secured a new warehouse facility in Melbourne industrial hotspot, Laverton North.

14 Feb 2018

E-bay powerhouse, Princess Trade, has secured a new warehouse facility in Melbourne industrial hotspot, Laverton North. 

The Australian-owned online store signed a three-year lease on the 2,412sqm corner facility at 92-96 Pipe Road for an annual rental of $157,000 net. 

The warehouse property includes roller shutter doors, multiple truck access points, a clear span warehouse and corporate office over two levels. 

In a separate deal, neighbouring property – 117-119 Pipe Road – was purchased by L & W Trading Pty Ltd for circa $1.6 million. 

The 1,340sqm facility offers a clear span warehouse, roller door access, office and amenities, and secure loading yard. 

CBRE agents Tom Murphy, Ricardo Cappelletti and Fergus Pragnell negotiated both deals. 

Mr Murphy said: “The properties’ proximity to the freeway on-ramp and flexible industrial 2 zoning was appealing to a wide range of occupiers.” 
 
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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 (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.