Think | Plan | Deliver
Posted on Feb 20th, 2019 in Industrial
Rook Salinger has completed the off-market sale of a 14 hectare industrial site at Tottenham, 11km west of Melbourne’s CBD. The large site has extensive frontage to Somerville Road and backs onto a railway line.
The well-known site owned by the Victor Smorgon Group for many years had been identified by them as surplus to future business needs, engaging Rook Salinger and Cushman & Wakefield to secure an appropriate buyer. The site has been purchased by a private developer with a 3 year lease to a container storage operator (for part of the site), and plans to develop the balance into a new business park.
Rook Salinger director Michael Hayden said, “The sale price in excess of $30 million reflects the strong demand for development land in proximity to the city with good transport links.”