Arrow Capital pays $10m for Clayton warehouse
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Clayton South
Arrow Capital Partners have swooped on a large single-storey warehouse and office building with 7200 sq m of gross leasing space at 110-112 Fairbank Road and 199A Obsorne Avenue. Colliers International’s
Jonathan Mercuri said the industrial facility sold with a seven-year WALE under a lease to MPM Marketing Services. The property fetched $10.4 million.
South Melbourne
A vacant 340 sq m three-level warehouse conversion at 23 Union Street has sold for $2.89 million following more than 120 inquiries. The creative office building with a rooftop courtyard and CBD views fetched a building rate of $8500 per sq m, Fitzroys’