Industrial property giant Goodman Group has bolstered its land holdings in Melbourne’s Fishermans Bend urban renewal precinct after acquiring the headquarters of Frank Walker’s National Tiles for $35-$40 million.

The 1.4 hectare site at 525 Graham Street, Port Melbourne, is next door to Goodman’s 13.75 hectare Port Melbourne Industrial Estate, where the company last year converted a 10,000 square metre vacant warehouse into a Woolworths supermarket and Dan Murphys bottle shop.