Landmark development opportunity in Melbourne’s high-growth north-west

Rockbank North Town Centre has been listed for sale, presenting a significant development opportunity in Aintree – one of Melbourne’s fastest growing suburbs.

The 24.6 hectare site at 886-940 Beattys Road is owned by property developer and former Wyndham City Councillor Intaj Khan.

CBRE’s David Minty, Trent Hobart, Nathan Mufale and JJ Heng and Colliers’ Tim McIntosh, Yvonne Zhou and James Lawson are managing the sale via an Expressions of Interest campaign.

Mr Hobart said the land is part of the approved Rockbank North Precinct Structure Plan with the town centre able to be developed into a dense mixed-use space incorporating retail, eateries, entertainment and public spaces.

“A number of major retailers have already shown interest in securing a position within the town centre. This is one of the last remaining major town centre development opportunities in Australia and is a remarkable opportunity to secure a strategic location in Melbourne’s thriving north-west,” Mr Hobart said.

“Aintree and the wider Rockbank area are forecast for population growth of 11.4% per annum to 2026, making it one of the fastest growing regions in Australia. The size and potential of this town centre means it rivals the 26 hectare Clyde Town Centre, which transacted for $67,650,000 in December 2021, and Mernda Town Centre site, which is also 26 hectares, and transacted for $51,500,000 in March 2019.”

Tim McIntosh said, “Occupying a gateway location to Melbourne’s north-west, one of the fastest growing growth areas in Australia, Rockbank North Town Centre represents a rare opportunity to acquire a PSP major town centre. Rockbank North Town Centre will be the go-to shopping destination across the expansive trade area, with flexible underlying commercial 1 zoning and ability to stage the development.”

The town centre site is next to Mirvac’s Woodlea Estate, a 711hectare masterplan community with 20,000 residents. Residential property developers Villawood, Countryland Australia, Resi Ventures, Golden Age, Oliver Hume and 3L Alliance are also delivering masterplan communities in the area.

The Expressions of Interest close at 2pm (AEST) on Thursday, September 12.