In a market where industrial property owners are increasingly required to think tactically, the recent leasing of 5 & 7 Conifer Crescent, Dingley Village demonstrates how a well-considered strategy can deliver strong outcomes, with the successful placement of two tenants at 5 & 7 Conifer Crescent, Dingley Village, following the subdivision of a previously single-occupancy industrial facility.
The property, which had been vacated by its former tenant, was repositioned in response to strong market demand for mid-sized industrial spaces in Melbourne’s southeast. Rather than seeking a single occupier for the entire site, Cushman & Wakefield agents Gareth Jackson and Kosta Filinis opted to market the building as two separate tenancies, an approach that proved both timely and effective.
Netra Hospitality has leased 1,569 sqm at No. 5, while Donington Auctions has taken up 1,594 sqm at No. 7. Both tenants have committed to three-year terms, reflecting confidence in the location and the flexibility of the offering.
“The Bayside market has been crying out for spaces in the 1,000 to 2,000 sqm range,” said Gareth Jackson, Director, Brokerage Logistics & Industrial – Victoria South East at Cushman & Wakefield.
“By repositioning the asset, we were able to tap into that demand and deliver a fast, low-risk leasing outcome for our client.”
Kosta Filinis, Director, Brokerage Logistics & Industrial – Victoria South East at Cushman & Wakefield, added,
“This result is a testament to understanding the market and being willing to adapt. Dingley Village continues to attract a diverse mix of tenants, and this campaign shows how a tailored strategy can unlock real value.”
The properties feature rear loading access, multiple electric roller doors, and ample car parking, amenities that continue to appeal to industrial users seeking functional, well-located space.
“The leasing success highlights the importance of flexibility in asset management and reinforces Dingley Village’s position as a sought-after industrial precinct” said Mr Jackson.
