Weel races away with Yatala buy

A COMPANY linked to former V8 Supercar driver Paul Weel has bought an industrial property at Yatala for $6.24 million.

The 3000sq m facility at 59 Lahrs Rd was bought by Meap Property Pty Ltd.

Mr Weel is the sole director of Meap.

The seller was Cuono Biviano Developments (C.B.D.) Pty Ltd, associated with Cuono Biviano. Prestige Blending is the tenant at the purpose-built facility. It is a co-manufacturer of dry dairy product blends and the two main blends it produces are International Protein and Evolve.

Adam Wills, of Colliers International, declined to comment on the sale.

Mr Weel is the co-founder of PWR Performance Products, which he launched with his father Kees Weel. He raced 12 seasons in V8 Supercars with a best finish of 3rd in Adelaide in 2003.