Savills secure Hudson Conway sale at Braeside

Savills secure Hudson Conway sale at Braeside
Savills secure Hudson Conway sale at Braeside

Frasers Property Australia has purchased a 23 hectare parcel of industrial land in Braeside from Saltview Pty Ltd, a Hudson Conway subsidiary company.

Lynton Williams from Savills brokered the deal.

The land parcel is located on the corner of Governor Road and the proposed Mordialloc Bypass in Melbourne’s South-Eastern suburb of Braeside.

The acquisition of Braeside has been described as a natural extension of its 116 hectare The Key Industrial Park in Keysborough, which is approaching completion.

Braeside’s masterplan will comprise a mix of options including land sales, A-grade buildings for leases and turnkey opportunities for owner-occupiers.

Braeside estate is located adjacent to Mordialloc Bypass with construction set to commence by mid-2019. 

Frasers Property has recently completed several transactions in The Key Industrial Park including a 16,000sqm turnkey warehouse for ARB ($19.4 million) and ten year leases with Stanley Black & Decker (21,722sqm), CH2 (21,200sqm), Silvan (11,948sqm), Rubies Deerfield (9,030sqm). The Stanley Black & Decker and CH2 facilities are owned by Frasers Logistics & Industrial Trust.

These combined transactions total $122 million worth of new purpose-built facilities. To date Stanley Black & Decker and ARB have moved into the estate, while Silvan, Rubies Deerfield and CH2 are all expected to move into their warehouses in the first half of this year.

Frasers Property has also recently sold 16 lots in The Key Industrial Park – Stage 8 ranging in size from 1,999sqm to 4,071sqm totalling $17.4 million.

Braeside estate is expected to launch in mid-2018. 

 

Tags: 
Melbourne Industrial

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