Warrington Property Group buys 33 hectare Dandenong property
Jonathan ChancellorDecember 7, 2020
Cbus Property has sold 81-125 Princes Highway, Dandenong – formerly the General Motors Holden manufacturing site – to the Western Australia property syndicator fund manager Warrington Property Group.
The 33.7 hectare property comprises 8 hectares, with three buildings totalling 27,919 square metre leased to GPI, CEVA and Australia Meat Holdings.
Fully leased the total estate income is $6.7 million.
It is located 32 kilometres south-east of the Melbourne CBD.
Warrington Property, which has around $250 million of assets under management, was founded by British-born valuer Chris Weaver.
The Dandenong deal was brokered by Savills Australia agents Chris Jones and Ben Hegerty.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
Tags:
Industrial