9:10 PMPropertymarkets News
Tullamarine Industrial Asset Sells for $12.4M
Summary
A multi-tenanted logistics and warehousing facility at 1 to 3 Saligna Drive, Tullamarine sold to a private investor for $12.4 million. The 5,075 square metre building sits on 9,062 square metres and is anchored by tenants Protecta Group Australia and Scott Automation and Robotics near Melbourne Airport.
Why it matters
The sale signals that prime, tenant-backed industrial around Melbourne Airport remains one of the strongest pockets of demand and pricing in Australian commercial real estate.