Construction on a major warehouse redevelopment at the Coolaroo Industry Park is officially underway
The privately funded $41.5 million redevelopment will transform an existing 46,180 square metres of warehouse space into three different modern warehousing and office spaces.
Hume mayor Joseph Haweil was among those to attend the the sod turning on August 1.
Led by ESR Australia and Vaughan Constructions, the redevelopment is set to unlock new opportunities for investment and support continued economic growth in Hume and the wider Melbourne north region.
The creation of modern industrial and commercial space is predicted to attract new businesses to the area, allow businesses to upgrade from other facilities nearby and act as a catalyst for further redevelopment and investment in other sites nearby.
Once complete it is estimated the site comprised of three different warehousing spaces will sustain approximately 385 warehousing jobs, 128 office jobs and 337 indirect jobs that will be supported by the council’s economic development department’s Local Jobs for Local People Program.
On top of these ongoing opportunities the eleven-month construction phase alone is estimated to support about 230 jobs, complementing the significant boost to employment coming to our region.
Councillor Haweil said they are so excited for the predicted economic benefits this major redevelopment will bring to Hume, particularly the creation of local employment opportunities for residents.
“As another chapter in our growing city’s continued economic growth, we trust once this redevelopment is finished the companies that choose to make the Coolaroo Industry Park their home will prosper in Hume,” he said.
