Occupier spends $35m for Melbourne industrial site

A Cambridge Street, Laverton North, block also sold to an occupier this week.

Saputo Dairy Australia – backed by Canada’s Saputo which in 2018 bought Murray Goulburn Co-operative – has sold another major west Melbourne industrial property.

The 4.51 hectare building block, 83 William Angliss Drive, part of the Angliss Industrial Estate, in Laverton North (pictured, top), collected $35.31 million including GST from equipment auction giant, Ritchie Bros, which plans to occupy.

Cushman & Wakefield’s David Norman and Simon Wellock were the agents, closing an expressions of interest campaign October.

The deal comes 10 months since Saputo sold an adjoining parcel, spanning 4.35ha, and with a food manufacturing facility, for $32.5m.

Also this week, we reported Fiji based steel manufacturer SNP Holdings formed part of an entity buying a 2.25ha block in the suburb, at 4-6 Cambridge St, with plans for an office/warehouse to occupy (story continues below).

That deal, with Nutrien Ag, was worth $23.1m including GST.

Laverton North is about 18 kilometres from the CBD.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.