One of the last privately held infill corner development sites of scale in Melbourne’s South East Growth Corridor, a prime 24.59 ha corner parcel with extensive dual road frontage, has been listed via Expression of Interest by LAWD’s Peter Sagar, Paul Callanan and Darcy Tobin.

The offering, 1450 and 1454 Thompsons Rd, is LAWD’s third listing over the past 18 months within the Croskell Precinct Structure Plan (PSP) in Melbourne’s tightly held Cranbourne East growth corridor.

LAWD Senior Director, Peter Sagar, said the sale was a once in a generation opportunity to acquire a prime corner industrial and mixed-use englobo development site in one of the most tightly held growth corridors in Australia.

“There is a severe shortage of industrial/mixed use land in the south east and this site will be highly sought after due to its ease of access to key freight networks, substantial scale and proximity to ongoing and existing residential development,” Mr Sagar said.

Transport linkages within a 10km radius of the site include M1 Monash Freeway, M3 Eastlink Freeway, the M420 South Gippsland Highway and the M11 Mornington Peninsula Freeway, as well as the nearby Cranbourne Train Station.

In May 2022 LAWD sold 32ha at 1580 and 1550 Thompsons Road to MAB and in November sold a 54ha parcel on nearby Berwick-Cranbourne Road for $130 million to the Galileo Group, headed by Black Caviar’s owner, Neil Werrett.

The property is expected to generate significant interest from both private and institutional developers, superannuation funds and syndicates, and upon sale, will boost LAWD’s recent total transactions in Melbourne’s South East Corridor to more than $500 million.

LAWD Director, Paul Callanan, said the demand for industrial and mixed-use sites in Melbourne’s south-east remains high.

“We expect strong interest in this property as it is simply the best remaining infill corner site of scale in the south-east growth corridor,” Mr Callanan said.

1450 & 1454 Thompsons Road, Cranbourne East is available for sale via Expression of Interest closing at 3pm on Thursday, 10 August 2023.

Interested parties should submit offers in writing, by email to:

[email protected], [email protected] and [email protected]

For further information contact:

Peter Sagar – +61 414 843 854

Paul Callanan – +61 478 652 468

Darcy Tobin – +61 433 644 166