AND Property facilitates record breaking “double deal”

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Jan 21, 2025

AND Property facilitates record breaking “double deal”

AND Property agents Ricardo Cappelletti, Ben Quennell and Joff Mithen have facilitated a rare ‘double deal’ whereby two owner occupiers have purchased each others facilities to meet their company’s requirements.

AND Property

AND Property facilitates record breaking “double deal”
AND Property

AND Property facilitates record breaking “double deal”

The property at 9 Efficient Drive, Truganina was sold by M & L Holdings Group Limited, a company listed on the Hong Kong stock exchange. This transaction allowed M & L Holdings to acquire the buyer's facility located at 41 Triholm Avenue, Laverton, which aligned perfectly with their requirements in Victoria.

"The negotiations involved numerous moving parts to minimise potential business disruptions for both parties, as they aimed to relocate and operate from each other's properties upon settlement," stated Ricardo Cappelletti, Director at AND Property.

The sales achieved record rates per square metre across the buildings for each respective property in their locations. Both properties featured distinctive improvements tailored to their new occupiers.

"The properties included overhead gantry cranes, which are essential for the operations of both businesses. Finding existing properties for sale with cranes is quite challenging, which significantly contributed to our ability to facilitate this transaction," added Ben Quennell, Associate Director at AND Property.