Frasers Acquires 63 ha in Epping Vic
Frasers Property Group have acquired a 63ha land parcel fronting Cooper Street & O'Herns Rd in Victoria for $40M.
The transaction represents $63/sqm of total land area.
The site is zoned industrial however it has a number of development constraints including the Someton High Pressure Gas Pipeline as well as several heritage and natural habit constraints and is within a closed landfill buffer and an active quarry buffer, all of which limit the developable area of the site.
Frasers expect that the site will eventually accommodate up to 250,000sq m of built form.