Charter Hall Group has established a joint venture partnership with Mitsubishi Estate Asia (MEA) to develop a new 40,000sqm industrial and logistics facility in Laverton North, Melbourne.
The joint venture brings together Charter Hall’s $14 billion Charter Hall Prime Industrial Fund (CPIF) and MEA, investing through its affiliated entity MEC Oceania Investment Pty Ltd.
The development marks the first stage of a broader industrial estate valued at $500 million, with total development potential of up to 175,000sqm of lettable area.
Located in Melbourne’s core inner-west, the Laverton North site sits on the corner of Dohertys Road and Fitzgerald Road, around 4km from the West Gate Freeway. The location provides access to key road links servicing northern, western and south-eastern markets, as well as the Port of Melbourne.
The facility will include 40,000sqm of warehouse space and can be configured as two tenancies. It will feature 37m hardstands, 6,600sqm of super awning, and a combination of recessed and on-grade docks.
Sustainability features include a 400kW solar installation, 80,000L rainwater tanks for recycled water, and water- and energy-efficient fixtures and fittings. The project is targeting a 5 Star Green Star rating under Green Star Buildings V1.
Charter Hall Managing Director and Group CEO David Harrison says the partnership will support demand for logistics space in Western Melbourne.
MEA Head of Australia Yosuke Matsunaga says the project aligns with MEA’s strategy to expand investment in Australia through partnerships, with a focus on high-conviction locations and sustainable assets.
Construction commenced in January 2026, with Texco appointed as builder. Practical completion is expected in November 2026.
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