Merrifield Business Park South has officially sold out, marking a milestone for Melbourne’s northern industrial market, with Colliers and Savills completing the final transactions on behalf of developers MAB and Gibson Property Corporation.
Delivered within Victoria’s largest master-planned mixed-use development, Merrifield Business Park South offered industrial lots ranging from 1,250sqm to 7,053sqm. The release attracted sustained demand from owner-occupiers and investors, reflecting continued appetite for well-located industrial land in Melbourne’s north.
Colliers Director of Industrial & Logistics Mitch Purcell says the precinct’s scale, infrastructure and location underpinned strong interest from national owner-occupiers, logistics operators and investors seeking long-term certainty in a maturing market.
Attention has now shifted to the next release within the Merrifield precinct, with Stage 3 at Aitken Junction brought to market exclusively by Colliers in conjunction with Scope Property Partners. The release comprises five industrial allotments ranging from approximately 1,509sqm to 1,811sqm. More than 25 of the 30 lots across the first two stages have already been sold.
Scope Managing Director Matt Alderman says only a limited number of opportunities remain at Aitken Junction, with early interest driven by buyers seeking to secure a position within the established Merrifield precinct.
Located with direct access to the Hume Freeway and Donnybrook Road, Merrifield enables businesses to reach around 60 per cent of Melbourne’s population within a one-hour drive. The broader 900-hectare Merrifield master-planned community continues to expand as an employment hub for the city’s north.
Merrifield Business Park is home to occupiers including Ford Australia, DuluxGroup, D’Orsogna and Stellantis, with Sunny Queen Farms also set to join the precinct.
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