VIKING Transport has paid $12 million for a 10-hectare industrial facility in Melbourne’s west.

The purchase, of 441 – 459 Kororoit Creek Road will be the fourth owner-occupied site in the area for the transport and logistics group.

Knight Frank selling agents Matt Crofts and Andrew Macqueen said that with industrial vacancy rates levelling at about 4 per cent during the economic downturn, demand from both tenants and investors has been strong.

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