By Victoria Stone-Meadows
THE City of Casey is set to become home to another thriving business centre, with property development company MAB buying almost 100 acres of land in Clyde North.
The 38-hectare plot of land on the corner of Berwick-Cranbourne and Thompsons Roads will be the future home of a commercial, retail and industrial precinct.
This development by MAB, owned by Melbourne-based property magnates Michael and Andrew Buxton, will be the third business centre in the municipality to be developed by the company.
The new site will house a variety of retail spaces, a service station and over 70 industrial lots from 1000 square metres in size.
MAB Business Parks Director Tony Blazevic said the new development would aim to create local jobs as well as attract small business in the area.
“The development will deliver local jobs and take advantage of this unique opportunity to create a dynamic precinct in one of Australia’s fastest growing municipalities,” he said.
“The City of Casey is experiencing rapid population growth and an expanding economy so MAB is excited to make another investment in the region,” he said.
A representative of MAB said the completion dates for the project were staggered and stage one of the build would be completed in the third quarter of 2018.
The entire project is anticipated to have a lifespan of five years before the entire business park is open and operational.
“We have acquired the site and are in preliminary design, authority negotiations and marketing stages,” the spokesperson said.
