Occupiers snap up brand-new industrial warehouses prior to completion

25 May 2023

Colliers has secured the sale and lease of two brand-new architecturally designed industrial assets, totalling 3,736 sqm* of building area, in one of Melbourne’s fastest-evolving industrial precincts, Clyde North.

Colliers Fraser Pearce and Luke Lowden sold 28 Palladium Circuit for $4.7 million to a rapidly growing food production occupier looking to expand their operations across Melbourne’s South East on behalf of Maliku Group.

“We worked with Maliku Group to deliver this A-grade warehouse to suit the purchaser’s long-term requirements, as well as fit the corporate image of the buyer’s business profile,” said Colliers Manager Fraser Pearce.

“Given the lack of available sale stock in the middle markets space, Maliku Group were able to position this facility as the perfect longstanding solution for this occupier who had been in the market for some time looking to acquire a new space that suits their growing business.”

Next door, 26 Palladium Circuit has been successfully leased to a camping trailer manufacturer and supplier who has committed to a long-term ten year lease. The business were seeking a well-located facility to cater for their strong business growth, relocating from another industrial warehouse in the South East.

Strategically located within one of Melbourne’s fastest evolving industrial precincts, Clyde North benefits from easy access to some of the South East’s major road networks, including Thompson

Road, Berwick-Cranburne Road and South Gippsland Highway, 50 km south east of Melbourne’s CBD.

Colliers Associate Director, Luke Lowden, added, “Clyde North continues to attract occupiers

relocating from more known ‘core’ locations within the traditional South Eastern industrial market. Clyde North is no longer just a peripheral South Eastern location because the area is receiving strong demand from occupiers and investors due to its proximity to major arterials and surrounding expanding residential suburbs.”