Charity World Vision leases warehouse space in Croydon
Larry SchlesingerDecember 8, 2020
Australia's largest charitable group, World Vision Australia, will pay around $85 per square metre net per annum to lease a 1,250-square-metre office and warehouse facility at Croydon South in Melbourne’s eastern suburbs in a deal negotiated by Savills Australia.
The combined warehouse and office is located at the Merrindale Estate Business Park at 36 Research Drive on a 2,023-square-metre site zoned Industrial 1 with 18 on-site car spaces.
The leasing deal was brokered by Savills’ Notting Hill office executive Adrian Smith.
World Vision had taken a five-year lease with two, five-year renewal options and will move from former leased premises in Mulgrave.
The lessor is a local private investor.
Larry Schlesinger
Larry Schlesinger was a property writer at Property Observer