A global brand has secured a prime industrial facility at 67-71  Geddes Street, Mulgrave, in an off-market deal brokered by Colliers, highlighting the increasing  demand for owner-occupier opportunities as businesses seek greater financial certainty. 

Colliers Director | Industrial & Logistics Richard Wilkinson said, "We're seeing a clear trend of  tenants transitioning to owner-occupiers due to rising outgoings and rental costs. At the same time,  landlords are choosing to sell as the cost of holding and leasing increases. This deal exemplifies the  shift in market dynamics and the strong appetite for quality industrial assets in Melbourne's East." 

The purchaser, an internationally recognised brand, is relocating from Noble Park to capitalise on  the Monash employment hub's connectivity, workforce, and amenities. 

Colliers Executive | Industrial & Logistics Steph Archer added, "This property ticked all the boxes for  the purchaser. Its strategic location, surrounded by universities, residential areas, and major  transport links, made it a standout choice. Our ability to match the right buyer with the right asset  led to a seamless transaction that delivered a fantastic result for both parties." 

Colliers Director | Industrial & Logistics Jonathan Mercuri concluded, "This deal reinforces the  strength of Melbourne's industrial market, particularly in sought-after inner-eastern locations like  Mulgrave. We achieved a premium result in a competitive landscape through our off-market  strategy and deep buyer network." 

Initially listed for lease, the 2,267sqm office warehouse on 2,942sqm of land proved to be an ideal fit  for the purchaser's growth and operational objectives. This transaction is part of a broader market  trend, stabilising costs and shifting demand making previously premium-priced locations more  attractive. 

For further information, contact Colliers Industrial & Logistics experts Richard Wilkinson, Steph  Archer, or Jonathan Mercuri.

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