The 1.08-hectare Osborne Park property changed hands for the first time in 27 years, selling to a Bunning family connected entity and construction industry veteran for $6.65m.
Industrial and logistics properties continue to top investors' wish lists, as vacancy within Perth's industrial property drops by almost a third within 12 months.
Property developer Garry Brown-Neaves has today formally unveiled a new 18 hectare commercial and industrial precinct within the existing Forrestdale Business Park, bordered by Ranford Road and Alex Wood Drive.
National dairy products supplier Lion is divesting some of its land holdings in Bentley, including a 2.9-hectare site, following its recent consolidation of the Masters Dairy depot as parts of its three-year growth plan.
Sales at the Swan Brewery Industrial Estate have surpassed $70 million, with 55 lots at the Linc Property-developed estate sold since August last year.
Buyer demand for industrial land in the northern suburbs is ramping up, with Raine & Horne Commercial recording more than $4 million in land sales in the past seven days, with negotiations for
