A rare low site coverage opportunity in Melbourne's North West at 53 Harrick Road, Keilor Park has been snatched up. Colliers Industrial & Logistics experts Mitch Purcell, Nick O’Brien and Corey Vraca sold the property on behalf of a valued private client for $17.25 million. 

The team introduced the unique offering to the market via a 4-week Expressions of Interest (EOI) campaign, which was met with strong engagement. Contributing to its appeal is the fact that the opportunity is located in one of Melbourne's most sought-after and tightly held industrial & logistics areas, the Keilor Park industrial precinct.

“Following extensive visibility in the market, we received 6 formal offers at the end of the EOI period, each demonstrating significant interest in the asset. The successful purchaser was international company Multivac, which plans to use the asset to consolidate its business operations.” Said Nick O’Brien. 

Multivac, an internationally operated family business from the Allgäu region in southern Germany, provides integrated packaging and processing solutions to customers in the food, consumer and industrial goods, and medical and pharmaceutical sectors. The asset at 53 Harrick Road, Keilor Park, presents an ideal location for their business operations.

“53 Harrick Road, Keilor Park presented a truly unique opportunity to the market with drive around capability and an expansive hardstand area on a 16,810m² site. The property further provided appeal with a 5,150m² warehouse, three phase power and dual driveway access.” Noted Corey Vraca. 

The site boasts immediate access to the Melbourne Airport and is located approximately 13.6km North-West of Melbourne CBD. Additionally, it provides nearby access to several strategic major arterial roads in Melbourne such as the Calder Freeway, the Western Ring Road and the Tullamarine Freeway. 

“Having successfully secured a new site for Multivac, the team are now appointed on the divestment of their existing operations at 2-20 McGregor’s Drive, Keilor Park comprising 5,145m² of built form across 10,059m² of land and will bring this exciting site to market via an EOI campaign in April 2025.” Mentioned Mitch Purcell. 

The Melbourne North West market is an ideal location for Occupiers. With excellent connectivity, top-tier warehouses, and prime occupiers, now is the perfect time to explore the options available. The Colliers team of experts understand the campaign process and know how to secure the ideal location for your business. To take advantage of this appealing location, explore selling while interest is high or find out more about the market reach out to Colliers Industrial & Logistics sales and leasing experts.

Related readings 

Melbourne's West industrial property sold - Colliers | The Industrialist

First prime grade sale over 2,000m² in Melbourne’s South East for 2025 – Colliers | The Industrialist