ISPT has received planning approval for its $280 million Dandenong Works project, a 12.2-hectare industrial development located on Princes Highway in Dandenong.
The project marks a significant expansion of ISPT’s industrial portfolio and demonstrates the company’s commitment to sustainable, heritage-conscious development.
The Dandenong Works site will feature eight super prime grade warehouse tenancies, ranging from 1,500 to 30,000 square metres.
These state-of-the-art facilities will boast impressive specifications, including solar power, super canopies, 14.7m ridge height, 24/7 operation capabilities, eight-tonne post load slabs, and B-double access.
The site has a rich industrial history, originally serving as a purpose-built factory for local manufacturing during World War II.
In 1952, it became home to the International Harvester Company, which was later acquired by IVECO in 1992.
ISPT acquired the property in 2022, recognising its potential for redevelopment while respecting its historical significance.
Matthew Cox, Project Director (Industrial) at ISPT, emphasised the company’s commitment to preserving the site’s heritage: “Dandenong Works is quite unique in terms of its heritage — it’s a site that we know the community cares deeply about, and we have worked tirelessly to ensure our scheme will capture the history, character and heritage of this well-known and keenly watched site.”
The development is targeting a 5-Star Green Star Buildings rating, showcasing ISPT’s dedication to sustainability.
Key features include:
- A 1.4-megawatt solar power system across the site
- EV car and truck charging facilities
- Responsible waste initiatives
- Offsetting of upfront emissions
Tenants will benefit from customisable builds, corporate offices adjoining each warehouse, and on-site amenities such as end-of-trip facilities and bicycle parking.
The approval of Dandenong Works aligns with ISPT‘s updated industrial strategy, which aims to increase the Core Fund’s industrial holdings to 30-35 per cent by 2030.
Cox highlighted the strategic importance of the project, stating: “Prime grade industrial stock is highly defensible and strategic, and we are catering to growing demand by re-weighting our portfolio to include more high-quality industrial projects like Dandenong Works.”
The development’s prominent location on Princes Highway is expected to attract a diverse range of tenants, further solidifying Dandenong’s position as a key industrial hub in Melbourne’s southeast.
As ISPT moves forward with the Dandenong Works project, it sets a new standard for industrial development that balances modern amenities, sustainability, and respect for local heritage.
