Frasers Property Industrial acquires 23.4ha Cobblebank land parcel
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- Frasers’ will develop the new estate a 1 – 15 Ferris Highway, Cobblebank
- Presently, Fraser’s industrial land lender stands at 2.9 million sqm
- Estate aims to have at the very least a 5 Star Eco-friendly Star Design and style as portion of its sustainability targets
As the need for industrial area continues, a 23.4-hectare industrial land parcel in Melbourne’s west has been acquired by Frasers House Industrial.
A new estate located at 1 – 15 Ferris Road, Cobblebank, adds to Frasers’ industrial land lender, which stood at 2.9 million sqm as of March this calendar year.
Upon completion, the web page will accommodate 100,000 sqm metres of crafted kind and the conclude worth is approximated to be above $215 million.
The internet site has 800-metre road frontage and supplies fast obtain to the M8 Western Freeway by means of a four-way diamond exchange.
The internet site is situated in an City Development Zone, as highlighted by the point out government’s Toolern Precinct Composition Program.
Andrew Hanna, Basic Manager – Victoria, at Frasers Home Industrial commented that industrial land source is becoming more and more scarce through the city’s west, which has place major tension on land rates and rents.
“We are hence pleased to have acquired Cobblebank, which boasts outstanding fundamentals in acquiring a huge frontage and fast accessibility to the Western Freeway. Amenable travel occasions to Cobblebank from Melbourne’s transportation nodes are mainly equivalent to our other estates in Melbourne’s west and the cost foundation was also somewhat aggressive,” he stated.
“The Town of Melton is also a person of the fastest expanding municipalities in Australia, and Cobblebank will generate jobs for a developing workforce in the area.
“With a thriving neighborhood financial state, we are self-assured that the estate at Cobblebank will draw in a host of blue-chip clients seeking to develop their existence in the region.”
Andrew Hanna, General Supervisor – Victoria, Frasers Residence Industrial
Sustainability in brain
As section of Frasers Residence Industrial’s Top quality Estates strategy, the progress at Cobblebank will be incorporated making use of sustainable components that are not commonplace numerous traditional warehouses. This contains inexperienced open up spaces.
The estate will targe a bare minimum 5 Star Eco-friendly Star Design and As-Built v1.3 certifications for all amenities.
The acquisition follows Canvas, yet another crucial Frasers growth in the location, which is a 42.3-hectare estate in Tarneit.
Industry House Group brokers Andrew Macqueen and Cameron Hunter facilitated the sale.
Singapore-detailed Frasers Residence Industrial has over $10 billion of property under management.
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