en.Wedoany.com Reported - Australian building materials company Boral Limited and real estate and investment management group Dexus officially announced on May 5, 2026, the formation of a joint venture to develop the Ravenhall Logistics Estate in Melbourne's western corridor. The project plans to transform Boral's 630-hectare Ravenhall site into a major logistics and warehousing hub, with a potential gross lettable area of up to 2.5 million square meters. Once completed, it is expected to become one of Australia's largest institutionally owned logistics estates.
The site is located approximately 20 kilometers west of the Melbourne Central Business District, adjacent to the Western Freeway and close to the future planned Outer Metropolitan Ring Road. An existing rail spur on the site connecting to the Port of Melbourne provides infrastructure conditions for the future development of intermodal transport operations.
Under the joint venture structure, Boral will contribute land in stages at market value following rezoning approval, retaining a 50% ownership interest in the development; Dexus and its capital partners will hold the remaining 50% interest. Dexus will act as the trustee, development manager, property manager, and investment manager for the project. Ross Du Vernet, Dexus Group CEO & Managing Director, stated: "Opportunities of this scale are rare and have the potential to capture a generation of industrial growth in one of Australia's most important logistics corridors."
The development will proceed in a staged approach, allowing the construction of the logistics estate to occur concurrently with the ongoing operations of the Deer Park Quarry. The quarry has been extracting basalt since 1968 and remains a vital source of hard rock material for the Melbourne construction market. Boral CEO Matt McKenzie noted that the staged structure allows quarrying operations to "continue uninterrupted," with the company sequentially scheduling development stages around existing operations to maintain continuity of hard rock supply to the Melbourne market.
Once fully operational, the estate is projected to contribute up to $14.9 billion annually to the Victorian economy and support over 31,000 full-time equivalent jobs each year. The project reflects the sustained demand in Australia's urban growth corridors for large-scale integrated logistics infrastructure that combines road and rail freight capabilities.
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