en.Wedoany.com Reported - Wolfdene has recently acquired two industrial sites in Melbourne's growth corridors, formally crossing over from the residential sector into the industrial real estate track. The total target value of these two projects is approximately A$330 million, bringing Wolfdene's overall development pipeline value close to A$4 billion.
In Cranbourne East, southeast Melbourne, Wolfdene invested A$77 million to acquire a 24.95-hectare industrial site. Located within the Cross Keys Structure Plan area, the land is planned for development into an industrial precinct comprising 95 lots, named "Thompsons Corner." This project is being executed by Wolfdene in partnership with Wolf Group and Aspen Capital, with an estimated end value of around A$200 million.
The second acquisition is in Donnybrook, northern Melbourne, with a transaction value of A$130 million. In collaboration with Blueways Group, Wolfdene plans to develop 91 light industrial subdivisions on the 19.72-hectare industrial land. This project is expected to have a final value of approximately A$130 million, primarily offering serviced subdivided lots targeting logistics, trade, and large retail operators.
Previously, Wolfdene focused deeply on the residential development markets in Victoria and Western Australia. Public information indicates that the group completed over A$300 million in real estate transactions in 2025. Its active portfolio includes projects such as Austin Lakes, Yanchep Junction, Wellard Green, and Maribelle in Western Australia, as well as Brompton and Saratoga in Point Cook, Victoria.
Construction on these two industrial sites is expected to commence in 2027, with a target completion and delivery date of 2028. This strategic shift aims to capture the strong demand for industrial space in Melbourne's outer growth areas. The next step for Wolfdene will involve coordinating with partners to initiate land subdivision and supporting facility design to meet the entry standards for logistics companies and traders.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
