Brookfield Properties, a global real estate developer and manager, has received development approval for its first Victorian logistics estate, marking a significant expansion in Australia’s industrial property sector.
The Cardinia Logistics Estate, located at 60 and 130 Greenhills Road in Pakenham, Melbourne’s south-east, will offer more than 185,000 square metres of space across two sites.
The estate, owned by Brookfield Asset Management, is set to become a hub for small and medium-sized businesses seeking scalable last-mile storage, warehousing, and manufacturing facilities.
Will Green, Senior Vice President of Developments at Brookfield Properties, highlighted the estate’s strategic importance, stating: “Cardinia Logistics Estate is a rare opportunity for tenants to secure scalable space within a prime institutional-grade logistics hub in one of Melbourne’s most sought-after industrial precincts.”
The development will comprise 32 warehouses ranging from 1,500 to 20,000 square metres, with warehouse clearance heights of 13.7 metres.
Early groundworks have been completed and Texco Constructions will be commencing construction of Stage 1, which covers 50,000 square metres, this month.
Sustainability is a key focus of the Cardinia Logistics Estate, featuring solar PV arrays, LED lighting, water-efficient fixtures, rainwater harvesting, and native vegetation with drip irrigation systems.
The estate also boasts super-awnings and facilities accommodating up to 36-metre hardstands.
The approval for Cardinia Logistics Estate follows Brookfield Properties’ recent success with the Connect Central Sydney Logistics Estate in Villawood, New South Wales.
This 12.6-hectare project, jointly delivered with Time & Place, has secured leasing commitments for over 90 per cent of the estate.
Brookfield Asset Management’s global logistics portfolio is substantial, with more than US$24 billion in assets under management across 553 warehouses in various countries.
The company’s expansion into Australian logistics aligns with its broader strategy to capitalise on the robust growth of e-commerce, medium-term rental growth, and the scarcity of last-mile facilities in key locations on the eastern seaboard.
The first warehouses at Cardinia Logistics Estate are expected to be available for occupation in late 2025.
