Alliance Business Park development fully sold

The last remaining allotment at Alliance Business Park in Epping has been sold to a local industrial developer for $10,994,000.

The 11,950sqm Comprehensive Development Zone land offers three street frontages to Edgards Road, O’Herns Road and Trafalgar Road.

CBRE’s Daniel Eramo, Joe Brzezek, Jake George and Corey LeFavi brokered the sale in an off-market deal.

“Although the buyer depth for land decreased throughout the last quarter of 2022, there is still a flight to quality for qualified and experienced groups seeking versatile sites within core areas, who are prepared to continue to pay strong rates,” Mr Eramo said.

MAB General Manager Commercial and Industrial, Michael Martin said the sale of the last lot at Alliance Business Park signified a strong result and marked the successful completion of our sales campaign.

“The sale demonstrates there is still solid underlying demand for well-located industrial land in Melbourne’s North, with good exposure and access to transport infrastructure.

Alliance Business Park is a 96ha $144million industrial and commercial hub and is occupied by national businesses such as Mainfreight and Gallagher. The estate features direct access to the Hume Freeway via an interchange on O’Herns Road and a 3.6ha retarding basin including a 700m walking track with cyclist and pedestrian access to the Craigieburn Bypass Trail.