date:Jul 01, 2014
Stockland, an Australian property development company, has bought Brownes Dairy's industrial site, in a deal worth $53.5m.
The transaction includes Brownes Dairy's processing and distribution center, as well as head office in Balcatta.
With direct exposure to the Reid Highway, the Brownes Dairy site is close to the Mitchell Freeway and offers good access to the Perth CBD and northern growth corridor, Stockland claims.
Stockland managing director and CEO Mark Steinert said that the company is