Insights Library
Victoria’s 10-Year Plan for Industrial Land – Opportunities for Developers and Investors
The Victorian Government’s new 10-Year Plan for Industrial Land sets a vision for industrial land growth across Victoria. It aims to unlock more than 5,800 hectares of new industrial land, coordinate infrastructure delivery, and provide an indication of where and when industrial development is planned.
Key Features of the Plan
- Land release and rezoning: The Plan identifies major growth areas for release: including Merrifield North, Derrimut Fields, Altona North and Hastings; and outlines a pipeline of both metropolitan and regional industrial land to support economic expansion.
- Streamlined planning pathways: A new Industrial Land Gateway Service will accelerate rezoning and approvals for sites that are strategically located and supported by infrastructure, reducing delays and improving certainty for investors.
- Traditional Owner engagement: Developers will need to consider cultural heritage obligations early, with the Plan emphasising collaboration with Traditional Owners.
Opportunities and Considerations for Developers and Investors
The Plan creates opportunities for early positioning in designated precincts. However, successful investment will depend on:
- Understanding the timing of infrastructure and service delivery;
- Engaging early in rezoning and planning processes; and
- Managing cultural heritage and environmental obligations efficiently.
How Best Hooper Can Assist
Best Hooper will be working with developers, landowners and investors across all stages of industrial land development, including assisting with:
- Due diligence and acquisition advice
- Planning scheme amendments and rezoning strategy
- Infrastructure and servicing agreements (including Section 173 agreements and infrastructure contributions)
- Cultural heritage and Traditional Owner engagement and advice.
The 10-Year Plan represents a significant opportunity for those active in Victoria’s industrial property market. By planning early and engaging strategically, developers and investors can position themselves to take advantage of the growth pipeline the Plan seeks to deliver.
Our team at Best Hooper can help you understand how the Plan affects your projects and guide you through the planning, approval and infrastructure processes required to bring industrial land to market.
