Prime Urban Group, a diversified Victorian developer, has announced the completion of its $13 million Prime Business Park Moe project, marking the largest off-the-plan business estate completed in the Latrobe Valley’s Moe suburb this year.
The 33-unit warehouse precinct, located at 19-27 Bubb Street, is situated just 400 metres from the town centre.
The development, designed by JJC Design, boasts strong connectivity to key arterials such as the Princes Freeway, Old Sale Road, and Lloyd Street.
It also benefits from proximity to local amenities including Moe Racecourse, Lake Narracan, the Haunted Hills Mountain Bike Track, and various retail outlets.
Nicholas Tissot, Development Director at Prime Urban Group, expressed satisfaction with the project’s completion, stating: “From conception to completion, the delivery of Prime Business Park Moe has been a thoroughly rewarding experience.”
He highlighted the collaboration with local businesses, particularly praising head contractor Langden Constructions for their efforts in delivering high-quality business infrastructure.
The project has generated significant interest from investors and local businesses seeking versatile facilities.
Tissot added: “We are confident the masterplanned estate will provide an environment where innovation and community can thrive together while contributing meaningfully to the prosperity of numerous businesses in Moe, Newborough and the broader Gippsland region for years to come.”
The development of Prime Business Park Moe has had a substantial economic impact:
- Created over 80 local jobs during the construction phase
- Expected to support up to 100 jobs in the area post-completion
- Attracted strong interest from owner-occupiers across various industries including trades, manufacturing, and entertainment
The project aligns with local and state government plans for long-term urban development in the region.
The Lake Narracan Precinct Structure Plan and other development plans support the creation of up to 7,000 new homes, underpinning expansion opportunities for warehousing and industrial facilities.
Informed Decisions forecasts a 20 per cent increase in the Latrobe City Council’s residential catchment by 2046, indicating potential for business growth to meet increasing population demands.
The first titles at Prime Business Park Moe are scheduled to settle in November, with warehousing units ranging from 246 to 338 square metres still available for purchase.
