Developer and Institutional partner secure rare scale asset in one of Melbourne’s most tightly held logistics precincts, underscoring sustained demand for prime industrial property.
Citius Group, in partnership with Stamford Capital Investment Management, has acquired a large‑scale industrial and logistics facility at 725 Boundary Road, Truganina, for $180 million, reinforcing Melbourne’s western suburbs as one of Australia’s most competitive and tightly held industrial markets.
The acquisition, negotiated by Colliers’ Nick Saunders and Hugh Gilbert, ranks among the largest single industrial transactions in Melbourne this year and underscores sustained institutional appetite for high‑quality logistics assets, despite broader caution across commercial property markets.
Located within the core Truganina logistics precinct, the asset benefits from direct access to the Western Freeway and Melbourne’s major arterial road network, offering efficient connectivity to the Port of Melbourne and Melbourne Airport. The precinct continues to attract significant capital due to its capacity to service national distribution, last‑mile logistics and supply chain occupiers, and data centres.
Nick Saunders, Colliers National Director | Industrial & Logistics, said, “This transaction demonstrates the strength of institutional demand for well‑located industrial assets, particularly those offering long‑term income security and strategic positioning within the logistics network.”
This acquisition reflects the ongoing concentration of institutional capital targeting infill and established industrial locations, where supply constraints continue to support competition and values.
Hugh Gilbert, Colliers National Director | Industrial & Logistics, added, “Well‑located, high‑quality industrial assets such as 725 Boundary Road are attracting strong competition from sophisticated capital sources. Despite broader market uncertainty, investor conviction in prime industrial locations remains resilient, underpinned by long‑term structural demand and limited new supply.”
The transaction further cements Truganina’s position as one of Australia’s most sought‑after industrial precincts, with tight vacancy, ongoing yield pressure and a growing weight of capital supporting values for well‑specified assets.
Institutional demand for prime assets across Melbourne’s western corridor continues to outpace supply, with Truganina, Derrimut and Laverton North attracting the bulk of large‑format industrial capital deployment as investors prioritise scale, infrastructure access and tenant depth.
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