MAB acquires over 32 hectares within the future Croskell employment precinct

This week we have grown our industrial pipeline in Melbourne’s South East with the acquisition of over 32 hectares within the future Croskell employment precinct in Cranbourne East, expanding our landholding to 77 hectares. MAB’s development will ultimately comprise over 250,000m2 of state of the art industrial and logistics space with an end value exceeding $800 million.

The future development will have the benefit of established infrastructure including, an already duplicated Thompsons Road, close proximity to the future Dandenong South Intermodal Terminal, established Cranbourne West and Dandenong Industrial Precincts, multiple retail centres and a booming residential catchment.

MAB’s latest acquisition in the City of Casey follows the success of our Thompsons Base and Element Park business parks within the municipality and MAB’s purchase of 36 hectares of greenfield residential land in Devon Meadows.

Thanks to the hard work of the MAB team Luke Mitrione, Jamie Buxton, Matthew Planner and LAWD Peter Sagar, Paul Callanan and Henry Sayers who brokered the sale.