Prime Port forms part of Perri Projects’ broader central and strategic logistics (CSL) strategy, which focuses on delivering best-in-class commercial and industrial precincts in prime urban and city fringe locations. By bringing together a diverse mix of tenants in a space with unique history and character, these precincts will support a thriving future employment environment.
Located within the Fishermans Bend precinct, the development is strategically positioned close to the Port of Melbourne and is only a couple of kilometres from the CBD, with easy access to major arterial roads including the West Gate Freeway and Williamstown Road. It also has the added benefit of close proximity to the recently opened full line Woolworths Supermarket and Dan Murphys, and the recently opened Port Melbourne vertical secondary school which can accommodate 1,100 students.
“On completion, Prime Port is projected to be worth $30m, further bolstering our CSL project portfolio, which is sitting at $400m in developable value and continues to grow.” Paul O’Sullivan, Managing Director of Lemon Baxter, said Prime Port’s attractive offering was expected to appeal to a diverse mix of clients including trade sales, eCommerce, small logistics and creatives.
Upgrade works on Prime Port have commenced and are expected to reach completion in September this year. Also on track for completion in early 2023 is Phase One of Lennon Mills, Perri Projects’ 1.5 Hectare, $100 million urban logistics industrial park in West Melbourne. Developed in partnership with Wingate Property, the future-focused Lennon Mills will be an industrial creative hub while catering to the demand for Grade A urban logistics spaces on the fringe of the CBD. Managed by 2Construct Complete Construction Solutions, construction commenced in February 2022 with restoration works of the mill, silos and recycling of original materials all honouring the rich history of the original site.