Melbourne developer Austlander Developments Pty Ltd has paid $5.69 million for an infill development site at Keysborough in Melbourne’s south-east with plans for an industrial estate.
Located at 241 Perry Road the property comprises a 5.66 hectare allotment zoned Industrial 1 and adjoining Fraser Property’s (formerly Australand) Key Industrial Park.
According to Savills’ Senior Executive, Paul Jones and Divisional Director, Kosta Filinis, who negotiated the deal, Austlander will seek to subdivide the land into 29 x 1000 square metre and two x 7000 square metre lots.
"This is a prime industrial development site, adjacent to a successful and very popular industrial estate with excellent access to Greens Road and EastLink," Mr Jones said.
"Add the location in the midst of one of the south-east’s key industrial precincts and it could hardly be better placed for an industrial subdivision."He said the property had attracted a high level of enquiry from local and interstate developers looking for opportunities to deliver well-located industrial lots to a ready market.
Mr Jones said Austlander was confident an industrial subdivision would attract tenants given the south-east’s status as one of Australia’s fastest growing regions and the region’s reputation as a key industrial precinct.
