Stockland fills first warehouse at $2b business park

The Melbourne Drive property contains 896 square metres of offices.
Makita bought a Melbourne Business Park site to develop a distribution centre in 2021.

Stockland has developed its first investment at Truganina’s $2 billion Melbourne Business Park following a pre-commitment by e-commerce giant New Aim.

The tenant will operate out of the 31,495 square metre distribution centre, 90 Melbourne Drive, alongside a half dozen west of town.

Established by Fung Lam as an eBay store in 2003, the business is a Stockland tenant client, occupying a 41,249 sqm office/warehouse at the 22 hectare Brooklyn Distribution Centre.

New Aim is headquartered at 16-18 Cato Street, Hawthorn East, an office we reported last week was listed for sale carrying c$30m price hopes.

Melbourne Business Park

Unveiled in November 2019, four months before the national lockdown, Stockland controls Melbourne Business Park with Mt Atkinson Holdings, directed by private investors Anthony Caligiuri, Eli Goldfinger and David Scalzo (story continues below).

New Aim’s Hawthorn East headquarters was listed for sale last week.

Covering 260ha, it is expected to contain product with an end value exceeding $2b (more if the owners consider multi-level warehousing).

The New Aim property is also designed with 181 car parks.

Pelligra, Makita and Califam are groups to have bought blocks in the estate.

Charter Hall, Dexus, ESR, Frasers Property Industrial, GPT, LOGOS and Mapletree are amongst other high profile landlords in the suburb, 23 kilometres from town.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of