Ford sells another piece of ex-Broadmeadows Assembly Plant

Also today we are reporting Time & Place sold a Sydney office site.

Ford has sold another piece of its redundant Broadmeadows Assembly Plant, in Campbellfield.

Three warehouses with 56,819 square metres cover 36 per cent of the block.

The 15.9 hectare ex-distribution centre, marketed as Part 1731-1733 Sydney Road, found favour with local outfit Time & Place, for a speculated price over $80 million.

A c$250m industrial estate is planned over three years; three buildings with a total 56,819 square metres presently cover 36 per cent of the parcel.

Ford listed the property in mid-2023 after pre-committing to a replacement Mickleham facility it has since moved to.

CBRE’s Andrew Bell, Chris O’Brien and Daniel Eramo represented the vendor, the Ford Motor Company of Australia.

Campbellfield is about 13 kilometres north of Melbourne’s CBD (story continues below).

The last Australian Ford – an XR6 – produced at Campbellfield in 2016.

Then there was one

Ford sold a 60ha chunk of the ex-manufacturing plant for $82.1m in 2019 – three years after ceasing production – to Pelligra which with Qualitas plans to replace the land with a 600,000 sqm business park, Assembly.

Ford listed part 1731-1733 Hume Highway in mid-2023.

Following the sale of the ex-distribution centre, Ford retains a section of the landmark Campbellfield amalgamation for its Asia Pacific Product Development Centre.

Also today we are reporting Time & Place sold an office development site in Sydney’s Mascot.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.