Cadence and Centuria secure Cambellfield site to kick off 2022

Cadence Property Group and Centuria Industrial REIT have begun 2022 with the acquisition of 90-118 Bolinda Road, Campbellfield in Melbourne’s north.

The 45,000 square metre site will host a super prime grade industrial estate, ideally located with access to the Western Ring Road and Hume Highway.

It’s the second joint project between Cadence and Centuria following the development of the SOUTHSIDE industrial and logistics facility at 95 South Gippsland Highway, Dandenong South, an eight-hectare estate to consist of six A-Grade structures.

The Cambellfield site continues Cadence’s strategy of securing ideally situated properties to take advantage of major roads and highways, adding value for investing partners.

Procuring a property in a beneficial location for warehousing and logistics development in Melbourne’s surrounds has Centuria and Cadence placed well to maximise the site’s potential with the region facing a shortage of land appropriate for the industry.

“With land suitable for industrial projects at such a premium around Melbourne at the moment, securing the Cambellfield property is a brilliant start to the New Year,” said Cadence Property Group Managing Director, Charlie Buxton.

“We pride ourselves on identifying sites such as this which we believe will deliver value for both Cadence and Centuria.

“After working closely with the Centuria team on the SOUTHSIDE development, we’re confident of a strong result on this latest acquisition.”

Cadence’s integrated business model ensures end-to-end management of the site from design to construction, using in-house expertise to deliver innovative and thoughtful solutions for potential tenants.

“The Cambellfield site will be an ideal home for logistics and largescale warehousing tenants who will benefit from the prime location off the Ring Road and Hume,” added Buxton.

“We look forward to speaking with potential tenants seeking first-class facilities in the coming weeks.”

The site was acquired on market by CBRE, facilitated by Directors Jason Edge and Rory Hilton.