In July 2022, Metrics was approached by an experienced Melbourne-based private developer to participate in a joint venture to acquire and develop the site.
The property is located in Coburg North, less than 10km from the Melbourne CBD and approximately 11km from Melbourne Airport. Its location, combined with industrial zoning, and strong road connectivity, makes it well suited for light industrial, logistics and storage uses.
Surrounding land uses are predominantly light industrial and small-scale warehouses, supporting a diverse range of local businesses. Nearby developments, including Coburg Drive-In leased to Village Cinemas, reflect the area’s established industrial character.
Demand for this type of space continues to grow, driven by the expansion of eCommerce, last-mile logistics, and small business activity across inner Melbourne. As a result, the site is well positioned to benefit from ongoing market demand for warehouse and storage facilities.
The development offers a range of flexible spaces, including warehouses with optional mezzanine levels, offices and showroom-style offices. The site will be accessed via three entry points and an internal road network designed to allow efficient vehicle movement and easy access.
The project is expected to appeal to both owner-occupiers and investors, providing a mix of functional design, accessibility and location benefits.
Target construction completion is August 2026.









