Porter Davis Homes takes final piece of business park land at University Hill
|MAB Corporation (MAB) and Porter Davis Homes have entered into an unconditional contract of sale for 2,700 square meters, securing the last piece of available land within Business Park South at University Hill.
University Hill has been one success story after the next, and with this final piece of land being sold, MAB has sold over 18 hectares of land within Business Park South in four short years.
Underpinning the success of Business Park, Continental (formerly Siemens VDO) committed to the first land allotment of 3.4ha for a 15,000 sqm purpose built manufacturing plant, warehousing and office facility. Since then, multiple international, national and local businesses have snapped up land now making University Hill the number working location in the north.
MAB have continued to prove the skeptics wrong demonstrating the market has been seeking a high-quality business park environment to house their significant commercial and industrial operations in Melbourne’s northern suburbs.
The Business Park is now home to major national and international organisations including Australian Electoral Commission, Doncaster BMW, BT Australia, Primus Australia, VicRoads and Northway Honda to name a few.
In a deal believed to be in excess of $1 million, Porter Davis Homes will now join this list of high profile occupants and construct a purpose built office building for their significant operations with a focus on servicing the thriving northern growth corridor.
The building will provide an additional 2000 sqm of office accommodation and a further 125 jobs to the City of Whittlesea. A great outcome for all major stakeholders with Tim Grant of Colliers International concluding the deal.
Porter Davis Managing Director, Anthony Roberts said, “Due to increasing opportunities within the Northern corridor and the continued expansion of Porter Davis Homes, we see the Business Park at University Hill as a perfect fit in terms of quality and location for our future accommodation needs in the Northern corridor.
“Our new building will provide our staff with the best working environment in a new state of the art office combined with good amenities,” he concluded.
MAB has had enjoyed terrific success with the office buildings at University Hill, with twenty enterprise now 95% committed with the recent announcement of the 423 sqm lease transaction to the Department of Innovation, Industry and Regional Development (DIIRD).
MAB will now commence marketing of the 3rd office building “240 Plenty Road” which has plans approved for a further 4,000 sqm of new office space seeking and is seeking an immediate pre-commitment from a corporate or government entity with the lure of building naming rights being offered to a significant occupier
MAB have a created a unique mix within University Hill offering an environment for people to live, work, shop and spend their leisure time. It provides a blend of dining, shopping, convenience and business offerings including a Coles supermarket, Westpac bank, Brand Junction Factory Outlet centre and a number of cafés and fresh food offerings.