Major Beveridge housing estate sites hit the market
Two major housing estate sites at Beveridge – which has had a raised profile since the federal government recently acquired c1100 hectares for an intermodal freight terminal – have been put up for sale.
In the bigger offering, V-Leader founder Andy Zhang, with John Lin, a former 3L Alliance executive, are expecting c$200 million for a 160.76ha parcel capable of yielding 2400 lots.
The second property, 1 Camerons Lane (pictured, top), covering 80.16ha with a pending permit for a 1300 block subdivision, is expected to sell for over $120m.
The listings come a week since the sale of a 100ha lot in the suburb – 615 Hume Freeway – to Resimax for a six figure sum on a short settlement, to be followed up in a separate item.
Beveridge is 37 kilometres north of Melbourne’s CBD.
Beveridge’s day in the sun begins
BMD was behind Beveridge’s first significant housing estates – Mandalay, with c2050 lots, many around a golf course, kicked off in 2008.
Two years later, Stockland bought in with the $300m 1141ha Kalkallo sheep station (which has been taking shape in stages as Cloverton, starting with the southern portion of the ex-farm, zoned Kalkallo).
Sino Integrity and the Scerri family are other major local land owners following a c$100m deal negotiated in 2021 for a 435ha ex-farm, Merri Park, a large chunk of which is zoned for industrial.
Also two years ago Stockland acquired a 140ha block in the suburb, Ned Kelly’s birthplace, for c$125m.
That seller was Ouson Group which picked it up in 2015 from the Baldi family, also the vendor of 1 Camerons Ln.
Jayland also owns an 80ha housing estate site in the suburb, at 33 Camerons Ln, master-planned with medium density residential and commercial super-lots (story continues below).
City’s biggest housing estate listings
One Camerons Ln and 290 Gunns Gully Rd are the biggest housing estate sites listed in metropolitan Melbourne for six months.
“There is a severe shortage of residential sites of significant scale within Melbourne’s north,” LAWD’s Peter Sagar, who is marketing 1 Camerons Ln with Paul Callanan and Darcy Tobin said.
Demand is expected to surge following construction of the suburb’s Beveridge Intermodal Freight Terminal (BIFT), set to deliver over 20,000 jobs, he added.
Trains could be using the depot by 2025, with a fully integrated facility expected four years later, according to the executive.
“The BIFT will enable freight services to operate across Melbourne and through to Sydney, Brisbane and Perth, transforming existing supply chains.
“The federal government has also committed $1.62 billion…for the development of this project”.
B&S Land’s Andrew Egan meanwhile sold 615 Hume Freeway.
That agent with Core Projects’ Kane Malcomson is also marketing 290 Gunns Gully Rd, which Mr Zhang and Mr Lin bought in December, 2017, for $35m – settling last June.
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