Developer MAB Corporation has unveiled $3.3 billion plans for a 780-hectare business park next to Avalon Airport.
Plans for the airport city span a 780-hectare site adjacent to the airport at 255-275 Avalon Road.
Avalon Airport, owned by Linfox Group, is an international airport located in Avalon in Greater Geelong.
MAB's 780-hectare site is 52 kilometres from Melbourne and 14 kilometres from Geelong’s CBD.
The privately-owned property development company founded by Michael and Andrew Buxton in 1995, is yet to submit a rezoning request for the land, with construction slated to start in 2022 subject to approvals.
MAB said in a statement that the proposal will help rebuild Victoria as the “Freight State” and create more than 18,000 jobs in the process, adding that the site is well-connected to Victoria’s major road and rail freight networks and existing port facilities.
The developer is currently working with local and state government ahead of its rezoning application, planned next year.
Known as Greater Avalon, MAB managing director Andrew Buxton said the project would look to open in 2023, with first business operations commencing.
“It is expected to appeal to a range of industries including aerospace, aviation, energy, agribusiness, advanced manufacturing, transport and logistics and information technology,” he said.
MAB is currently developing Merrifield, a mixed-use masterplanned community spanning more than 900 hectares in Mickleham, in Melbourne’s northern growth corridor.
The Merrifield project is a joint venture development with Gibson Property Corporation, in which MAB is the majority owner.