Northpoint Enterprise Park, a 126 hectare Business Park located in the growth corridor of Epping to the north of Melbourne, offers a high caliber gauge of the current state of play for Victoria’s commercial and industrial property development economy.
Northpoint Enterprise Park is a 10 year old, joint-venture between the McMullin Group and Robert Scanlon. This partnership has noticed a slow-down in recent years, though maybe not the slow-down that you would expect. Land is still being sold, and properties continue to be developed within the Business Park. The slow-down is really noticeable in the way companies are making their business decisions.
According to McMullin Groups’ Development Director John Purdey “Caution is the overriding emotion in the way people are now approaching business decisions. Due diligence is done and business decision makers
want all details perfect before they will commit. Fortunately with Northpoint this approach and attention-to-detail has always been our focus, so we have been able to continue working with businesses to ensure they are getting the best business outcome.”
The long term development of Northpoint Enterprise Park has been well thought-out and thorough, which has resulted in astute business operators continuing to choose Northpoint Enterprise Park. This ongoing growth and success, where so many seem to be failing, can be attributed to location and quality. Northpoint Enterprise Park occupies a prime location at the full diamond interchange of the Hume Freeway and Cooper Street in Epping, granting immediate access for Northpoint occupants to all parts of Australia. This site is directly opposite the developing new Melbourne Fruit and Wholesale Markets and less than 20 km from Melbourne’s CBD. The focus has always been on attracting top quality tenants which build and maintain quality business premises. As a result, there is a strong stable of International and Australian businesses that call Northpoint Enterprise Park home.
As a testament to Northpoint Enterprise Park’s continued growth and development as a successful business hub they are gearing up to release a further 40 hectares which will be Stage 4B, suitable for Retail, Showrooms, Business and Industrial developments and simultaneously Stage 5, which will attract Commercial, Health Care and Light Industrial developments.