Contest grows for industrial property in Melbourne’s far east

14 May 2018

Designer lighting company Lucretia Lighting has signed a lease for a 1,220sq m office warehouse in Croydon, taking over the premises from World Vision.

Savills Industrial's David Kalb and Lynton Williams negotiated the five-year term for 36 Research Drive at $90 per sqm.

Mr Kalb said the tenancy had been hotly contested, demonstrating the growing appetite for industrial assets in the far-eastern suburbs.

“We received high levels of enquiry due to the lack of stock of its size in the Croydon and Bayswater area,” Mr Kalb said.

“Several tenants missed out on the property.”

 
 

Key Contacts

Lynton Williams

Lynton Williams

Director
Industrial & Business Services

Savills Notting Hill

+61 (0) 3 9947 5101