Why we chose it: With over 220 metres of frontage to busy Frankston-Dandenong Road, Compass Business Park provides for 6.65 hectares of industrial zoned land; positioned strategically within Melbourne’s South East Growth Corridor. It provides an opportunity to deliver a mixed-use commercial and industrial business park.
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‍Our process: Jointly acquired by Brix Property Group and Costa Asset Management, the town planning application has been approved for four convenience restaurants, a gymnasium, self-storage facility, warehouses and land lots. Leases for all the tenancies have been secured with a variety of leading national and multi-national tenants including Guzman Y Gomez, Carl’s Jr, Starbucks and Planet Fitness.
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‍The outcome: With completion due Q2 2024, Compass Business Park will become a thriving hub and a landmark business park within Melbourne’s South-East.