Gateway block to East Werribee Employment Precinct seeks developer

The 2.24ha block (outlined, above) is next door to a site earmarked for a 65,000 sqm retail and business centre (artist’s impression, below).

A gateway site – but to what, exactly, has been listed in Werribee.

The 2.24 hectare tract at 246-248 Hoppers Lane, near Hoppers Crossing train station and with 200 metres of Princes Highway frontage, is zoned Commercial 1 and can make way for several 12-level structures.

The vendor, businessman and professional poker player Charlie Balais, is represented by David Minty, of CBRE Victorian Development Site Sales division and Sandro Peluso, from the agency’s Social Infrastructure group.

Construction of the commercial complex is set to start later this year.

Recently departed Savills directors, Greg Jensz and Tim Casanelia’s ICG Property are conjunctional brokers.

At the top and busiest tip of the suburb’s healthcare precinct, Mr Balais’ site is near Mercy Health, St Vincent’s Private Hospital and Women’s Health Hub. The Werribee campuses of both Victoria University and University of Melbourne is on the next block, west. The parcel also adjoins land permitted for a 65,000 sqm retail and business centre (artist’s impression, right).

High density apartment towers or offices are development outcomes – the agents said – as is a hotel (Pelligra Group is building a 12-storey guesthouse in the suburb at 69 Synnot Street).

Hoppers Lane a gateway to the state government’s largest undeveloped surplus site

Hoppers Lane connects to the state government’s largest undeveloped metropolitan surplus site – 775 hectares presently utilised by the CSIRO.

In 2013 some 400ha of that publicly owned parcel was earmarked for a commercial-based urban renewal – an initiative known in planning documents as the East Werribee Employment Precinct (story continues below).

Four years ago, the government assigned a consortium to build a $31 billion village on that slice: Australian Education City as it was then branded was to have included manufactured lakes surrounded by residential and office skyscrapers, a town centre, four schools and a 40,000 place university.

However last July in a surprise move, the agreement was shelved, without replacement plans.

It is unclear what will become of East Werribee Employment Precinct parcel, now, including whether more of the land could be sold for housing.

The marketing agents said 246-248 Hoppers Lane is already passed by more than 19,000 cars a day.

Mr Peluso added that Werribee “rivals many of the country’s largest healthcare hubs, including those in the centre of the CBD such as North Melbourne”.

“Couple this with a forecast population growth of 87 per cent by 2041, and the outlook really is very positive for the location”.

Werribee is about 32 kilometres south west of Melbourne – almost half way to Geelong on the Princes Freeway.

The site (outlined) is at the top and busiest tip of Werribee’s healthcare precinct.

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Marc Pallisco

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

Marc Pallisco