Melbourne, October 2026 —Spectre Property has secured planning approval for a $25 million industrial development at 33 King St, Airport West, delivering 20 warehouse units across a 4,000sqm site.
Spectre Airport West will comprise approximately 3,200sqm of combined warehouse and office space, with four units featuring private yards. The development is located almost directly opposite Essendon Fields, with access to major arterial roads and freeways.
Spectre Property acquired the property through an on-market campaign after initially identifying the opportunity off market, signing the contract on Christmas Day 2025. Planning approval was secured in August 2026.
Planning Process and Site Optimisation for Spectre Airport West
During the planning process, Spectre Property negotiated the removal of an electrical substation, optimising the layout of the 4,000sqm site. The negotiation improved the design and functionality of each warehouse unit within the approved development.
The development has been designed with functionality and amenity for businesses and owner-occupiers. Each unit will feature undercover parking, solar, provision for electric vehicle charging, stone kitchen benchtops and integrated dishwashers.
Four units will include private yards, while suspended garden beds accessible from openable office windows will introduce greenery into the workspaces.
Project Timeline and Market Release
The project will be released to market in October 2026, with construction expected to commence in February 2027.
Spectre Property Managing Director Jason Grasso said the site represented a tightly held industrial location.
“We’d had our eye on the Airport West site before it came to market, so signing the contract on Christmas Day made it a particularly memorable acquisition for us. It’s a tightly held industrial location with excellent access to major roads and freeways.”
“For us, it’s about identifying the right sites and then getting the planning and design fundamentals right to create functional spaces that work for the businesses occupying them.”
Spectre Property Development Pipeline
Spectre Property now has approximately $400 million in active projects across eight developments, with a broader portfolio comprising approximately 745 commercial and industrial lots across 11 projects in Victoria and Queensland.
The company’s largest individual project, Found Huntingdale, represents approximately $125 million in value.
Grasso said securing approval for 20 units and negotiating the removal of the electrical substation allowed more efficient use of the site.
“Securing approval for 20 units and negotiating the removal of the electrical substation allowed us to make more efficient use of the site and improve the overall layout.”
Grasso said the development focused on details that make a tangible difference to future occupants, including private yards, undercover parking, solar, electric vehicle charging provision and landscaped elements integrated into the office spaces.
Spectre Property is a Melbourne property advisory group specialising in property advisory, project management and development management. The company acquires and develops its own properties and assists clients across acquisition, advisory and development services.
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