Colliers announces sale of expansive Laverton North site, highlighting strong market demand.
The Colliers Industrial & Logistics team of Hugh Gilbert, Daniel Telling, Charlie Woodley, and Nick Saunders, is delighted to announce the successful sale of a prominent industrial property located at 38-44 Dohertys Road, Laverton North. Acting on behalf of a major private client, the team facilitated the sale to Marchem Australasia for $21,250,000.
This significant property, features a low site cover industrial facility spanning 13,700 sqm on a substantial 3.3-hectare regular-shaped site. Strategically situated in Melbourne’s Inner West, the property offers prime development potential with excellent proximity to the Port of Melbourne and key arterial roads.
Daniel Telling Colliers, Director of Industrial & Logistics Capital Markets, said, “The sale of this property underscores the exceptional demand for strategically located industrial sites in Melbourne’s Inner West. The site’s proximity to major transport networks and redevelopment potential made it a highly sought-after asset. We received numerous inquiries from investors, developers, and strategic owner-occupiers, reflecting the strong interest in properties offering immediate utility and long-term development potential.”
Charlie Woodley, Colliers Associate Director of Industrial & Logistics, added, “Laverton North is a land-constrained market with strong rental and capital growth prospects. This sale is a testament to the area’s appeal, particularly due to the Industrial 2 Zoning, which is scarce across both metropolitan Melbourne and regional Victoria. Marchem’s interest was initiated by certain key features, such as the strategic location and the property’s significant landholding, which complemented additional value-add to further assist in the overall operation of Marchem Australasia. We would like to formally congratulate both the vendor and purchaser on concluding this transaction.”
Michael Riquelme, CEO of Marchem Australasia, said, “Marchem Australasia’s operation continues to expand to service the chemical and automotive industry across Asia-Pacific. From a local perspective, we saw the need to grow our operational footprint, and this acquisition will facilitate continual growth to further benefit our clients.”
The property’s location on the northern side of Dohertys Road is in the heart of the Laverton North industrial precinct, known for its excellent access to Melbourne’s Port, CBD, and airports. This area is regarded as one of Melbourne’s strongest industrial precincts, forming a vital connection between the inner western suburbs and the outer industrial areas west of the Ring Road.
The near fully developed ‘infill’ precinct of Laverton North offers an attractive proposition for last-mile logistics operators and local business owners seeking convenient accommodation. Opportunities of this nature are rarely available, further enhanced the property’s appeal.
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