High-Quality Long WALE Industrial Investment Transacts for in excess of $25 Million

Colliers announces sale of institutional grade manufacturing facility, highlighting strong market demand.

Colliers Industrial & Logistics experts Hugh Gilbert, Daniel Telling and Billy Kanakis are pleased to announce the successful sale of a prime industrial asset located at 20-22 Permas Way, Truganina. Acting on behalf of a private vendor, the team negotiated the sale of the high-profile investment to a local private investor for in excess of $25,000,000.

Situated on a substantial 25,557 sqm infill landholding, the property features a high-quality, institutional-grade facility comprising 10,762 sqm of total building improvements. Originally constructed in 2010 by Vaughan Constructions, the facility was recently extended to accommodate the growth of its tenant, Wire Industries, one of Australia’s leading suppliers of reinforcing steel products and services.

Daniel Telling, Director of Industrial & Logistics Capital Markets at Colliers, commented, “This transaction highlights the shift to core thematic emerging within the industrial market, with investors favouring well-located assets in core markets, undeprinned by long-term leases and secure income growth potential. With limited supply of institutional-grade assets in infill markets, investors continue to compete aggressively for assets offering security and long term value enhancement.

Billy Kanakis, Director of Industrial & Logistics Capital Markets at Colliers, added, “The asset presented a compelling investment profile, with income certainty provided via a nationally established tenant, reflecting the market’s appetite for assets that combine strong cash flow with a high underlying land value”.

“Truganina is one of Melbourne’s fastest-growing industrial regions, underpinned by a strong transport network and limited land supply. The sale of 20-22 Permas Way reinforces the strength of the market, particularly for near-new facilities with base building upgrades, excellent warehouse clearance, and ample hardstand,” noted Hugh Gilbert, National Director of Industrial & Logistics at Colliers.

The high-clearance manufacturing facility, constructed to institutional specifications, offers B-double truck access, extensive hardstand, and secure gated entry. The recent building extension further enhanced the site’s operational footprint, positioning it to support long-term growth and evolving tenant requirements.

The sale of 20-22 Permas Way, Truganina, represents a benchmark transaction within Melbourne’s tightly held Western market. Combining long-term income security, strategic scale, and location-critical advantages, the asset reinforces investor confidence in the Melbourne industrial market and highlights the growing significance of logistics infrastructure in Australia’s supply chain landscape.