Melton Business Park in Melbourne’s newest industrial precinct set to spark significant interest

MELBOURNE, 17 August 2021 –26 well designed lots, ranging from 907 sqm to 2,500 sqm have come to market in Melton- Melbourne’s most up and coming western industrial precinct.

JLL’s Director of Industrial and Logistics- (Victoria), Danielle Tadi and Associate, Tom Edwards have been appointed to sell the 26 lots located in the Melton Business Park at 3 Federation Drive, Melton via an Expressions-Of-Interest campaign.

Ms Tadi said, “Melton Business Park provides unparalleled connectivity along the neighbouring Melton and Western Freeways, allowing ease of movement around the state. Melton Business Park presents opportunity to purchasers and investors and promises to become a game changer in an already booming Victorian industrial market.”

“The City of Melton is one of the fastest growing municipalities in Australia, and 3 Federation Drive is set to continue to capitalise on this growth in the coming years ahead with fully serviced land allotments that is set to become a first class industrial park.”

Melbourne’s west has recorded a generally accelerating rate of take-up over the last decade, to a peak of 126.0 ha in 2017. According to JLL Research, take up rates have averaged approximately 76.0 ha per annum over the past 10 years and that that has increased to 86.3 ha per annum over the past five years.

Within 20-minutes from the site there is an estimated 8,680 Ha of future residential development consisting of around 139,000 new lots. In addition, there are 131,000 households (around 373,800 people) living within a 20-minute drive of the site.

Expressions-Of-Interest for the lots in the Melton Business Park at 3 Federation Drive, Melton close on Wednesday 8^th of September 2021 at 3pm.