PROPERTY group Sandhurst Retail and Logistics, SRL, is calling for expressions of interest in two substantial land lots for sale in Melbourne’s northern industrial precinct.
The lots are within the 140-hectare O’Herns Logistic Park, located about 640 metres from the Hume Freeway diamond interchange at Epping.
Zoned for industrial use, the lots are the first of nine stages to be developed, with external works on the estate commencing in August.
Stage one is expected to comprise about 71,000 square metres of built form.
SRL managing director and chief executive Vivek Subramanian said the O’Herns Logistic Park enhanced SRL’s vision to ‘facilitate ongoing value and opportunities in growth areas’.
“The park will provide much-needed development relief in a highly stressed market, enabling businesses to expand and grow,” he said.
“This development is also estimated to support up to 4000 employment opportunities throughout the development of the estate and delivers long-term value to future occupiers through its premium connectivity to an expanding transport and infrastructure network.”
Targeting some of the largest industrial occupiers to lease more than 100,000 square metres, space is anticipated to be available from 2025, with works on stage one expected to start in late 2023.
Upon completion the nature reserve at the centre of O’Herns Logistics Park will give proximity to open green space for people working at the site.
“[The site is] in line with SRL’s commitment to creating future-focused assets that environmentally, economically and socially enrich local communities,” Mr Subramanian said.
“The conservation land has been allocated to conserve the natural habitat of the area, allowing native flora and fauna to flourish and remain unchanged.”
Occupiers will also have access to outside sources including a community hub with a café, gym, meeting areas, and walking tracks to enjoy the local environment.
Expressions of interest in lots 104 and 105 at O’Herns Logistics Park close on June 8 at 4pm.
For more information, visit www.ohernslogisticspark.com.au.
