PLANS FOR PLANT
Posted on 01 August 2015
Entrepreneur Bobby Zagame is the mystery buyer of the former Age printing plant beside the Tullamarine Freeway in Westmeadows.
Mr Zagame, whose diversified portfolio includes property investments and prestige car dealership operations, will use the six-hectare site as a pre-delivery process centre and distribution facility for his automotive group.
The prominent ex-Age spire will be rebranded to Zagame.
The property at 31-69 Western Avenue includes a modern 24,091-square-metre office with a multi-level basement, a 125-bay open-air car park and garden areas providing further development capability.
With the potential to be sold down after a subdivision, the block has a wide 375-metre frontage to the freeway.
More than 300,000 vehicles pass the frontage each week, VicRoads reports.
Vinci Carbone's Frank Vinci and Joseph Carbone represented Mr Zagame, who is understood to be paying about $20 million.