Pomeroy Pacific together with McLaren Developments, are delighted to announce the commencement of our Logis Connect Development. The ground breaking ceremony was attended by the Mayor of the City of Dandenong and a host of other individuals and we thank everyone for their attendance.
With an end-value in excess of $60M, this major mixed use development comprising, showrooms, supermarket, retail, over 4000 sq.m of office, a petrol station, food and beverage and warehousing, has achieved fantastic success with sales and leasing across multiple buildings. Based on current levels of interest we expect to be fully leased and or sold prior to completion in 2020.
The success of this development further highlights Pomeroy’s continued ability to identify and yield maximum value from industrial sites. With a challenging residential market, Pomeroy remains focused on expanding its development arm through multiple sectors and is pleased to add this project to its existing development pipeline which currently exceeds $200million.