Victorian developer Austlander Developments has paid $5.69m for a development site in Melbourne’s outer southeast.
The buyer plans an industrial estate on the 5.66ha parcel, which is next to Fraser Property Australia’s Key Industrial Park.
Austlander will seek to subdivide the land into 29 lots of 1000sq m, as well as two larger 7000sq m lots.
Savills executive Paul Jones said the property had attracted interest from local and interstate developers.
“This is a prime industrial development site, adjacent to a successful and very popular industrial estate with excellent access to Greens Road and EastLink,” Mr Jones said.
BUYER: Austlander Developments
AGENTS: Paul Jones and Kosta Filinis, Savills