As the supply chain is becoming one of the ways for retailers to offer a differentiated service, Stockland is investing in its logistics portfolio to help retailers make the supply chain faster, more predictable and cheaper.
Stockland General Manager Workplace and Logistics Tony D’Addona said “A consumer-focused supply chain is an imperative for matching the many demand channels and we’re responding with well-located last-mile logistics centres.”
Stockland has signed an agreement with Mount Atkinson Holdings to build Melbourne Business Park, a new 260-hectare commercial and business hub next to its masterplanned Mt Atkinson residential community and town centre.
Offering owner-occupier, pre-lease and turnkey options, Melbourne Business Park is a rare opportunity for businesses looking to secure their part in Melbourne’s rapidly growing western corridor. It will be a well-connected destination offering more than 18,000 jobs in a well-serviced and attractive environment.
Stockland General Manager Workplace and Logistics Tony D’Addona said the site, with excellent access to road and rail connections, including to the future Outer Metropolitan Ring Road and the proposed Western Interstate Freight Terminal, will offer infinite potential for future tenants.
Melbourne Business Park follows another recent logistics acquisition in Melbourne’s western corridor, with a $36 million greenfield project at Truganina, which commenced in January this year.
The company last year completed its $50 million development of Ingleburn Stage 2 and a $26 million development at Yennora, both in Sydney’s west, and a $23 million project is also slated for the Willawong facility in Brisbane, adjacent to the Pallara residential community.
“Demand for logistics assets remains strong across the country and we are focused on new developments in the right locations to meet this continuing demand,” Tony said.
“This latest development presents so much potential for Melbourne’s rapidly growing western region. By 2030, the predicted 20,000 residents of the new community at Mount Atkinson will have access to jobs on their doorsteps. In fact, when completed, the new Melbourne Business Park is expected to generate 18,000 new jobs.”
The new masterplanned community of Mt Atkinson will be a vibrant suburb with schools, retail, green spaces, and access to freeways and public transport with a proposed future railway station.