Ascendas acquires Décor former corporate headquarters
Staff reporterDecember 7, 2020
Ascendas REIT Australia has acquired the former corporate headquarters of, Décor, in Scoresby, Melbourne for $16.245 million.
The property originally purpose built for Décor in 1979, the architecturally designed property at 1314 Ferntree Gully Road has undergone several upgrades over the past four decades.
The 16,000sqm facility, managed by Gorman Kelly, comprises three levels of office space and fully racked warehousing of up to 16m high.
Placed on a 25,895 sqm landholding, the property is located near several major road networks including Eastlink.
Gorman Kelly and CBRE negotiated the sale.
The freestanding property was sold with vacant possession.