Pelligra Group unveils plans for 100m Melbourne industrial project
Pelligra Group unveils plans for $100m Melbourne industrial project
| 8 July 2020
Prominent developer Pelligra Group has snapped up a 20.8ha site in Ravenhall with plans to develop a major industrial project with an end value of more than $100 million.
CBRE agents Todd Grima, Tom Hayes and Harry Kalaitzis steered the sale of the 31 Fuller Road site and will work with Pelligra to secure pre-leases or turnkey deals on a total of 45 industrial lots.
Pelligra Group Ross Pelligra said the site has been strategically master planned in conjunction with Melton City Council to provide sites ranging from 993sqm to 11,185sqm.
“We want to help small to medium sized businesses into their own properties to support intergenerational growth,” Mr Pelligra said.
The development will also assist in the creation of more than 1,000 new jobs.
CBRE’s Mr Hayes said the Industrial 3 zoned site was one of the last few major land parcels remaining in Ravenhall – a sought after suburb in Melbourne’s tightly held western industrial precinct.
“Located approximately 15km from the Port of Melbourne and 19km from the CBD, the site offers outstanding access to major roads, including the Western Freeway and Ballarat Road,” Mr Hayes said.
“This is a strategic acquisition for Pelligra, providing an exciting development opportunity in a highly sought-after location.”
Mr Grima added; “The lots are expected to attract wide-ranging interest from both small and large occupiers, providing an ideal location for new warehouse, logistics and manufacturing facilities.”
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