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Industry News, Latest News, Projects, Victoria

Stockland starts construction $2B logistics precinct

Stockland has begun construction on one of the largest logistics precincts in Victoria, with an estimated end value of around $2 billion and around one million square metres of warehouse space.

Stockland has begun construction on one of the largest logistics precincts in Victoria, with an estimated end value of around $2 billion and approximately one million square metres of warehouse space.

Melbourne Business Park will be the first 95-hectare stage of the total 260-hectare logistics precinct located at Truganina in Melbourne’s western corridor.

Stockland General Manager, Workplace and Logistics, Tony D’Addona, said the company acknowledges the strong interest from businesses which have already seized on the opportunity to establish their industrial footprint in Melbourne’s western growth corridor.

“Since launching the first stage of the masterplanned logistics precinct in November 2019, 21 businesses and investors have now committed to purchase lots, attracted to the precinct’s strategic location in Melbourne’s west and proximity to significant planned future infrastructure,” D’Addona said.

“Makita, the Japanese tool giant, will base its primary Victorian distribution and service centres at Melbourne Business Park, anchoring the site with a six-hectare land acquisition and plans to initially employ approximately 70 people.”

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Makita Australia Director, Nick Poulos, said it chose Melbourne Business Park to position its Australian business for further growth.

“Our investment alongside Stockland demonstrates our confidence in Melbourne’s western corridor to provide superior connectivity to the port and our customers,” Poulos said.
Other businesses that will join Makita at the business park include Ashi Hire, Califam, Pelligra, Winslow and Universal.

Melbourne Business Park integrates into the Mt. Atkinson masterplanned community as part of the broader Mt. Atkinson Precinct Structure Plan, approved by the Victorian Government. Future stages of the logistics hub will be available to businesses seeking pre-lease opportunities.

“Melbourne Business Park will provide employment to thousands of Victorians and, with early works now started, the project will be a significant contributor to Victoria’s employment and economic growth as we recover from COVID-19,” D’Addona said.

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