Local developer Pelligra Group is continuing to build its property portfolio – this week buying an enormous land parcel which previously accommodated one of Melbourne’s biggest and most famous former factories.
Pelligra plans to replace the 39-hectare ex-Huntsman Chemical Corporation site at 454-460 Somerville Road, Brooklyn, with a business park.
The deal marks a new chapter for the parcel which was set up as a factory in 1941 to manufacture asprin and sulphur drugs.
According to this Wikipedia post, the site was owner-occupied by the Monsanto Company Corporation for most of its life.
Huntsman Chemical Corporation and Consolidated Press Holdings operated from the address between 1993 and 2009.
The subsequent razing of substantial buildings, which took place in 2011, was described as “one of the largest industrial demolition projects in Australia” and took 21,000 “manhours”, according to Industrial Group, which undertook the works.
Pelligra is planning to build a 200,000 business park on the enormous tract of land, which is about 10 kilometres west of the CBD, between the Port of Melbourne and Melbourne Airport.
Last month Pelligra and joint venture partner ResiCommercial acquired adjoining commercial properties on 3025 square metres of land in Melbourne’s inner-east Richmond, with plans to replace it with a mixed use complex containing commercial space and apartments.
Pelligra bought the Richmond sites, 471-479 Swan Street and 10 Belgravia Street, for more than $25 million from Ron Hall, who co-founded retailer The Reject Shop.