Rare large-scale industrial holding changes hands for the first time in 24 years.
Colliers and Commercial Property Group has transacted a substantial industrial property at 137 Bonds Road, Riverwood, off-market, achieving $18,750,000 on behalf of long-term occupier Fresh & Green (Aus) Pty Ltd. The asset was acquired by a private client for future strata development, reflecting sustained demand for scalable, ready-to-occupy industrial holdings in inner south-west Sydney.
Angus Urquhart, Director in Charge | Colliers Sydney South West, National Director | Industrial & Logistics, said the property’s zoning and scale were key drivers for the purchaser. “The property’s flexible IN1 zoning was a key driver for the purchaser, offering a rare mix of development potential, secure income, and future owner-occupation a combination that’s increasingly hard to find in today’s industrial market.”
Matthew McHardy, Managing Director | Commercial Property Group, added, “Its significant scale, prime location and being one of the last undeveloped land holdings in the Riverwood market make it a standout offering in one of Sydney’s most tightly held industrial precincts, which is a rare opportunity in a market defined by scarcity and demand.”
The asset comprises a 4,452m²* building on an 8,267m²* site and was purchased by a strata developer as a tenanted investment, providing immediate income with long-term potential for redevelopment or future owner-occupation. The sale achieved a record land rate of $2,268 per sqm, underscoring the competitiveness of the campaign and the strength of the Riverwood industrial precinct.
Fresh & Green, who has operated a plastic bag manufacturing facility on-site for over 20 years will downsize and relocate to 6 Amour Street, Milperra, a property sold to them by Colliers in July 2025 demonstrating a repeat client relationship and a strategic transition aligned to operational needs.
“Colliers has been a trusted partner throughout this process, providing strategic guidance and a seamless transaction experience. Their deep understanding of the industrial market and commitment to our long-term goals made this transition a success,” said Fresh & Green (Aus) Pty Ltd.
Colliers’ latest Industrial & Logistics snapshot highlights continued strength in investment activity with year-to-date volumes reaching approximately $3.9 billion across 106 transactions and an average sale price of $36.8 million. The report points to resilient investor appetite and sustained leasing demand with vacancy rates remaining tight, prime rents continuing to rise and buyer confidence improving amid stabilising yields. This environment of robust occupier demand and constrained supply is fuelling competitive bidding and accelerated timeframes for well-located industrial assets, conditions that directly supported the outcome achieved in Riverwood.
Hamish Miles, Manager| Colliers Sydney South West added, “The speed and intensity of the campaign reflect a broader trend: shrinking industrial availability is compressing timelines and raising urgency. When a high-quality, ready-to-occupy asset hits the market especially off-market, serious buyers move quickly.”
Colliers and Commercial Property Group continue to achieve standout results in the inner south-west by leveraging deep market insights and an unmatched database of active owner-occupiers and investors, driving repeat business and strategic outcomes for clients. Ben Panayotopoulos, Sales & Leasing Executive | Commercial Property Group added, “This result is a testament to the strength of collaboration between Colliers and Commercial Property Group. By combining deep market insights with strategic alignment, we were able to deliver exceptional value for our client.”
Recent transactions by Colliers include 2-4 Marigold Street, Revesby; 6 Amour Street, Revesby; 5 Marigold Place, Milperra (off-market) and 47–49 Marigold Street, Revesby.
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