LOGOS launches $250 million turnkey industrial estate in Truganina

MELBOURNE, 18 September 2023 - A rare opportunity for potential buyers to secure a purpose-built industrial facility has come to market, as one of Australia's pre-eminent developers, LOGOS Property Group, launches a ground-breaking $250 million turnkey industrial estate.

JLL’s Ben Hegerty, Peter Blade, Joel Scully and James Jorgensen have been exclusively appointed to manage the sale of Troups Road Logistics Estate at 435-503 Mt Atkinson Road, Truganina.

The turnkey proposal within the Troups Road Logistics Estate provides an opportunity for interested parties to work alongside LOGOS in designing customised industrial facilities.

Spanning 20 hectares, the property can accommodate an impressive gross lettable area of over 125,000m². The offering extends to either the entirety of the property or a minimum of 8,000m² GLA.

JLL’s Joel Scully said, “The distinctive feature of this estate is the ability to collaborate with one of Australia’s leading developers, LOGOS, to design and develop turnkey facilities. Onshore and offshore capital groups are actively seeking opportunities to secure prime grade assets in major markets with the ability to realise strong growth in the rental market. Further, major occupiers are also seeking opportunities to own their facilities rather than rent to create certainty of occupancy costs which are expected to continue to increase over the medium term.

“There is a critical shortage of industrial land across the eastern seaboard and land that is ready for development is largely owned by major investment funds and available for leasing options only,” said Mr Scully.

Troups Road Logistics Estate stands as the sole industrial estate offering corporations the privilege of owning their own facilities.

LOGOS’ recognition includes winning the Property Council Academy Award for Best Business or Industrial Park, notably for the Heathwood Logistics Estate in Queensland.

JLL’s Peter Blade underscores the versatility of this offering, suitable for various applications including large-scale manufacturing, retail, food, pharmaceuticals, 3PL logistics, and data centre hubs.

“The versatility of the offering and ability to work with LOGOS to develop a purpose-built facility has a significant pent-up demand from major international occupiers who are increasingly seeking to secure their property holdings under an ownership model given the scarcity of opportunity and rapidly rising rents in the leasing market.

“Occupiers have increasingly sophisticated property requirements and we expect there will be strong demand from groups seeking cold storage, automation, manufacturing, data centre and bespoke logistics requirements,” said Mr Blade.

Located in close proximity to the proposed Outer Metropolitan Ring Road, the Troups Road Logistics Estate is strategically positioned within the thriving logistics market, with major occupiers in the precinct including Metcash, Hello Fresh amongst numerous others.

Registration-of-Interest for 435-503 Mt Atkinson Road, Truganina close on Wednesday 4 October 2023 at 4:00pm (AEST).