11-167 Palm Springs Road, Ravenhall

Overview

Ravenhall is a large 127 hectare site located in the core West Melbourne industrial precinct and is set to benefit in the medium to long term from its proximity to the proposed Western Intermodal Freight Terminal. Dexus plans to develop a prime commercial and industrial precinct over a five to seven-year period.

Just one minute to the Western Freeway and 25 minutes to the Melbourne CBD, the property offers convenient access to Melbourne’s major arterial roads, the Port of Melbourne and Tullamarine Airport.

The Caroline Springs train station is on the doorstep, and the property stands to benefit from proximity to the proposed Western Intermodal Freight Terminal.

The estate will also offer Dexus’s standard base building inclusions and sustainability features, renowned for being unique in the industry.

- New master-planned estate

- Lots ranging from 4,500sqm to 72,000sqm

- Unprecedented freeway access

Property Information

  • Building typeLand
  • TitleFreehold
  • Site area (hectares)127.0
  • OwnerDXS
  • Ownership (%)25.5
  • Co-ownerDWPF,Dexus Australian Logistics Partner
  • Metro areaMelbourne, West
  • ZoningIndustrial 3
  • Acquisition dateDecember 2018
  • Book value at ownership ($m)28.1
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)28.1