LAWD has cemented its market leadership of specialist property transactions in Melbourne’s sought-after growth corridors with the sale of the 259.28-hectare greenfield industrial site, O’Hern’s Logistics Park at Epping, for circa $275 million.
The sale to Melbourne-based family office, Yale Investment Group, was conducted in conjunction with Colliers lead agent, Nick O’Brien.
It follows LAWD’s sale record last year for residential development sites in Melbourne’s South East, where Brown Property Group purchased 200 Tuckers Road, Clyde North – one of the last remaining infill residential development sites of scale in Victoria for a reported $250 million.
O’Hern’s Logistics Park in Epping, just 19km north of the Melbourne CBD, will include construction of a 118ha business park, with the construction of stage 1 completed.
The site features 3,190m of frontage to main roads with immediate access to key arterials, including two minutes to the O’Hern’s Diamond interchange to the Hume Freeway, seven minutes to the M80 Ring Road, and a 16-minute drive to Tullamarine Airport.
LAWD Senior Director, Peter Sagar, said the sale ensures Yale Investment Group control a huge development pipeline within the precinct, capable of satisfying an institutional-grade warehousing and industrial land subdivision.
“With the purchase of O’Hern’s Logistics Park, Yale Investment Group has secured the opportunity to develop a world-class logistics estate and achieve a potential higher order development outcome, including the potential for a large-scale data centre campus,” Mr Sagar said.
“We are seeing substantial investment in the Epping precinct by some of Australia’s largest institutional developers, and this latest sale is just part of a pronounced uptick in enquiry and transaction completion by LAWD’s Development team.
“The sale underscores the scarcity of quality industrial landholdings around Melbourne and reflects growing confidence for sites that offer scale, flexibility and development certainty.”
O’Hern’s Logistics Park aims to be one of Melbourne’s most sustainable business parks and includes a 127ha conservation area that is cultural heritage approved.
An abundance of amenity close to the site includes the Epping Train Station, Epping Northern Hospital and the Epping Plaza Shopping Centre, which offers retail, education, healthcare and leisure facilities.
Mr Sagar was joined by LAWD’s Paul Callanan and Henry Sayers and Colliers’ Nick O’Brien Daniel Telling, Sean Thomson, and Gavin Bishop in completing the transaction, which is due to settle in July 2026.
