TIEMAN ENDS AN ERA IN THOMASTOWN
Posted on 12 June 2015
Another established blue collar business is quitting a property it has occupied for decades, for something newer.
This time, Tieman Industries is moving to a premises it will own in Northbourne Road, Campbellfield, about 16 kilometres north of town.
The new property is twice the size of a prominent 1.7 hectare Thomastown factory which Tieman has occupied since 1964 and is now selling.
Like many industrial operators, Tieman finds its outgoing holding in a desirable location for developers – on Keon Parade, it adjoins the Keon Park train station.
Vinci Carbone's Joseph Carbone and Frank Vinci are expecting the vacant site to sell for close to $5 million to an owner occupier or investor, who will retain its current use, or a developer who may replace the block with a business park or bulky goods complex.
Last month, the Australian Asphalt Pavement Association announced it would move to Port Melbourne quitting a Kew premises it occupied for 46 years.
This time, Tieman Industries is moving to a premises it will own in Northbourne Road, Campbellfield, about 16 kilometres north of town.
The new property is twice the size of a prominent 1.7 hectare Thomastown factory which Tieman has occupied since 1964 and is now selling.
Like many industrial operators, Tieman finds its outgoing holding in a desirable location for developers – on Keon Parade, it adjoins the Keon Park train station.
Vinci Carbone's Joseph Carbone and Frank Vinci are expecting the vacant site to sell for close to $5 million to an owner occupier or investor, who will retain its current use, or a developer who may replace the block with a business park or bulky goods complex.
Last month, the Australian Asphalt Pavement Association announced it would move to Port Melbourne quitting a Kew premises it occupied for 46 years.