ASX-listed developer Cedar Woods has sold more than half of its new strata commercial asset in Melbourne's West.
The company's development will be the first strata office building in Williams Landing -- the 275-hectare master planned community in Melbourne's growing western corridor.
2016 Census data indicated that the Wyndham municipality had grown 34.4 per cent since 2011.
Earlier this year the developer announced that Target Australia would move its national headquarters to Williams Landing in a major boon for the area.
[Related reading: Target Confirms $37 Million Headquarters In Melbourne Masterplanned Community]Cedar Woods state manager Patrick Archer said that securing Target was just the first step in creating an employment hub in the suburb. Recent research by the National Growth Areas Alliance found the rate of new job creation in the City of Wyndham had increased by 36.4 per cent.
Williams Landing is anchored by a 50-hectare town centre, two apartment buildings have already sold and marketing has just started on a third.
[Related reading: Williams Landing Launches New Apartment Offering]Archer said the new strata office was the natural next step for Williams Landing.
The western growth corridor is booming and Williams Landing is in a position to accommodate businesses of all sizes. [With] infrastructure upgrades, high levels of amenity and an established community, Williams Landing is on the radar for businesses [and] attractive for investors who are looking for commercial investments that offer high yielding, diversified returns."