Yard 3012: M2space Unveils Next-Level Industrial Development in West Footscray

M2space West Footscray Industrial Render
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Melbourne’s industrial landscape is set to receive a significant boost with M2space, an independent and diversified developer, obtaining approval from the City of Maribyrnong for a cutting-edge industrial park dubbed “Yard 3012”. Situated on a sprawling 2-hectare parcel of land at 19-23 Paramount Road, West Footscray, the project marks a new chapter in the city’s booming inner-west.

The strata office/warehouse project has been designed to cater to diverse needs, including warehousing, e-commerce operations, and personal storage solutions. With a focus on flexibility, security, and sustainability, each space within the park is strategically crafted to optimize both height and natural light, thanks to skylights and extensive glazing. Moreover, materials have been meticulously selected to accommodate a wide array of industrial uses.

^M2space West Footscray Industrial Render (Image: M2space)
^M2space West Footscray Industrial Render (Image: M2space)

With features like individual rainwater tanks for each space and thoughtfully integrated landscaping throughout the site, the development fosters greenery and connections with the surrounding environment, including the neighboring creek.

The units include mezzanine options, contemporary bathrooms, and kitchens, providing practicality and modern design. Moreover, the flexibility to partition units into smaller storage spaces accommodates the requirements of homeowners or businesses with surplus stock or valuable items.

To spearhead the marketing of Stage One, M2space has enlisted the expertise of Melbourne-based industrial specialists AND Property, along with Lemon Baxter. The initial release comprises only six premium-grade office/warehouse units, ranging from 155 sqm to 219 sqm*, reflecting the project’s exclusivity and sophistication.

Navdeep Tuteja, Director of M2space, emphasizes the project’s transformative impact on Melbourne’s industrial landscape, stating,

“Yard 3012 sets a new standard for industrial parks in Melbourne’s thriving inner west. Crafted with a focus on adaptability, sustainability, and safety, this presents a chance to join a distinctive commercial community just a short 10-minute drive from the CBD.”

^Internal Mezzanine Options at Yard 3012 (Image: M2space)
^Internal Mezzanine Options at Yard 3012 (Image: M2space)

Echoing Tuteja’s sentiments, Ricardo Cappelletti, Director of AND Property, underscores the strategic allure of West Footscray for industrial operators.

“West Footscray is incredibly appealing for industrial operators, everything from logistics transport to customer access easy. There are major freeways close by, plus train stations and bike paths which make it easy for staff to come to and go.”

James Matina, Sales & Leasing Consultant at Lemon Baxter, anticipates strong market demand for the project, given the scarcity of only six lots in the initial release and the current record-low industrial vacancy rates. He notes,

“We expect this to be an open and shut campaign with the scarcity of only 6 lots in this first release. Industrial vacancy is sitting at all-time lows meaning this product will appeal to investors and owner-occupiers alike.”

Situated just a short distance from the CBD, West Footscray boasts convenient access to major transportation routes, including freeways, train stations, and bike paths, making it an attractive location for commuters and businesses alike. The suburb is characterized by its bustling local markets, multicultural dining scene, and thriving community spirit. With ongoing development projects and a growing reputation as a hub for innovation and creativity, West Footscray continues to attract attention as a dynamic and desirable place to live, work, and explore.

With construction set to commence in the next 2-3 months, M2space is poised to bring its visionary project to fruition, further solidifying its commitment to innovation and excellence in Melbourne’s dynamic industrial sector.

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented. The Australian Development Review does not own the rights to the information included within this article, and furthermore, there is no infringement intended from the included text and images within.

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