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Jaycar founder lobbs $55m for western Sydney property

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Jaycar founder Gary Johnston has bought a 10-hectare site in western Sydney for $55 million to house the electronics retailer's head office and distribution centre.

The Australian retailer had been looking for a new premises for some time and approached the vendor, VIMG, off market via CBRE.

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Mercedes Ruehl writes on real estate specialising in sales, leasing and residential properties. Connect with Mercedes on Twitter.

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    Original URL: https://www.afr.com/property/jaycar-founder-lobbs-55m-for-western-sydney-property-20160928-grqcba