Press Release
Sale price represents record per square metre rate in Truganina
Melbourne
December 2, 2022
Media Contact
Senior Communications Specialist, Australia
Success Logistics has acquired an office warehouse in Truganina for $13.5 million.
The 5,061sqm, 2B Dunmore Drive facility is situated within Truganina’s main industrial precinct, with high-profile surrounding tenants including Coles, Star Track, DHL, and Lineage Logistics.
CBRE’s Ricardo Cappelletti, Fergus Pragnell, and Tom Murphy brokered the deal on behalf of the private vendors.
Success Logistics, an Australian company specialising in international freight forwarding and customer clearance services, will utilise the property for stock storage.
“The sale represents $2,700/sqm, a record rate for a facility of this size in Truganina. This is a testament to the market conditions and the replacement cost of the asset with rising land rates as well as construction costs,” Mr Cappelletti said.
The property offers a hardstand area and circa 100 metres of frontage to Dohertys Road.
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 2024 revenue). The company has more than 140,000 employees (including 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 www.cbre.com.