A massive new $440 million industrial estate will create jobs for 1,200 people in Victoria’s booming transport, distribution and logistics industry.
Minister for Industry and Employment Wade Noonan today officially opened Drystone Estate – a 95 hectare industrial precinct that supports the likes of Target, Woolworths, The Reject Shop, Laverton Cold Storage, Rand Transport and Couriers Please.
The site is located just 20 kilometres from Melbourne’s CBD, and sits close to the Western Ring Road, the West Gate Freeway and the Princes Highway.
Drystone Estate is the work of owner Charter Hall Group and its construction partner Commercial and Industrial Property. The precinct is expected to grow, creating further employment opportunities in Melbourne’s west.
The Victorian supply chain and logistics sector is worth $21 billion to the state’s economy each year or 7 per cent of the state’s Gross State Product. The sector employs 260,000 people state-wide.
Melbourne’s west has seen some major investments in logistics facilities – including the CEVA Logistics’ transport, distribution and logistics hub and NewCold’s Asia-Pacific headquarters and automated cold storage warehouse, both in Truganina.
Victoria is the place for logistics companies to invest. It’s home to Australia’s biggest port, a curfew-free airport and road infrastructure providing efficient access to other states.
The Andrews Labor Government will continue working hard to attract more investment and create further jobs to support this growing industry.
Quotes attributable to Minister for Industry and Employment Wade Noonan
“Melbourne is the city of choice for major logistics and supply chain companies to do business.”
“This massive precinct will accommodate some of the biggest names in retail, and create more than a thousand jobs – which is great news for the city’s west.”
Quote attributable to Charter Hall Group Executive – Industrial Paul Ford
“Drystone Estate is quickly becoming the preferred home to companies who require large industrial and logistics footprints – with ease of access to major arterial roads, Melbourne Airport and the Port of Melbourne.”
Reviewed 19 August 2020