Located in one of the South East’s most coveted industrial areas, 592-600 South Road drew strong interest due to its prime main road position and flexible development potential. The Bayside infill site was marketed as a blank canvas, with the campaign generating widespread enquiry from developers, investors and occupiers.
The sale was managed by Gareth Jackson and Kosta Filinis from Cushman & Wakefield’s Brokerage Logistics and Industrial team, receiving over 150 enquiries during the Expressions of Interest campaign.
Gareth Jackson, Cushman & Wakefield’s Director, Brokerage Logistics & Industrial said the strong campaign response demonstrates increasing demand for flexible industrial opportunities.
“Industrial landholdings of this size and flexibility are increasingly rare in Melbourne’s South East. This asset ticked many boxes — location, versatility, visibility — and the result reflects the depth of demand we’re seeing from buyers looking to capitalise on the area’s ongoing transformation.”
The sale comes as investment in Australia’s logistics and industrial sector continues to outperform with strong rental, vacancy and absorption metrics and steady cross-border capital inflows. The sector recorded $4.3 billion in Q2 2025, marking its strongest quarter since Q4 2021, according to Cushman & Wakefield’s latest Capital Markets Marketbeat report.
Kosta Filinis, Cushman & Wakefield’s Director, Brokerage Logistics & Industrial said it was a privilege to facilitate the property’s first change of ownership in over four decades, on behalf of their valued client.
“Having owned the site for over 40 years, our client was deeply invested in achieving the right outcome. Securing such a strong result not only reflects the strength of the market, but also honours the long history of the ownership.”
