Aware, Goodman trade uber-green Melbourne business park
EXCLUSIVE
A south east Melbourne industrial estate containing the first warehouses registered with a v1 classification under the Green Building Council of Australia’s new Green Star Buildings rating tool – has sold to Aware Real Estate.
The 6.5 hectare, 30,022 square metre Eumemmerring Business Park, at 10-36 Abbotts Road, Dandenong South, was only completed by Goodman in August.
Worth a little over $100 million according to sources, it replaced a former electrical parts site near the corner of Frankston-Dandenong Rd, bought in December, 2019.
Two 1970s offices on c1000 sqm pod sites at the front of the property were repurposed into a 2500 sqm commercial building with a café and aerobridge connected to three warehouses built speculatively.
Goodman also fully leased it; tenants include Natac Network, WAM Australia and Zipform Packaging.
PC Case Gear is another; its former Rowville office/warehouse was recently snapped up by a cold storage logistics group to occupy.
“This [Eumemmerring] acquisition within the sought after south east Melbourne market aligns with our investment strategy of investing in large scale prime industrial and logistics properties within core precincts along the eastern seaboard,” Aware Real Estate chief executive officer, Michelle McNally, said.
“We are thrilled to expand our presence into Victoria and build productive relationships with our new occupiers in their space,” she added.
The deal comes just over a year since LAWD’s Peter Sagar, Paul Callanan and Darcy Tobin sold a 54ha industrial building block (of which 41.2ha is developable) at Clyde North – 15km east of Dandenong South – for $130m to Black Caviar owner and Victoria Racing Club board member Neil Werrett (story continues below).
Eumemmerring Business Park
Within an hour drive of 4.6 million people, Eumemmerring Business Park includes a 999kW solar array and electric vehicle charging stations.
Building material selection reduces carbon emissions about 10pc, the developer said.
The group also went out of its way to retain 20 trees – 10 of them century-old Eucalyptus’, Goodman Group chief executive officer Australia, Jason Little, said.
Ninety eight per cent of demolition waste was diverted from landfill, he added.
“The estate also focuses on the health and wellness of customers across the warehouse and office space with high quality light filled spaces, increased fresh airflow acoustic comfort considerations, outdoor eating areas with access to green spaces and end-of-trip facilities”.
Each warehouse offers high clearance, multiple loading bays, offices and parking.
The wall of one building includes a 10 metre tall First Nations mural created by local Bunurong artist Adam Magennis.
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