Millers Junction, Altona North – Stage 2, Victoria
Folkestone announced in September 2014, a 50/50 joint venture with Wilmac Properties to develop Stage 2 of the Millers Junction precinct into circa 74 office/warehouse/retail mews providing a mix of flexible business, retail and storage space. Millers Junction Business when completed will be a prominent new business hub in the inner western suburbs of Melbourne.
Millers Junction Business has a forecast gross revenue of approximately $30.0 million.
Marketing of the mews commenced and as at 31 December 2015, 32 pre-sales had been secured, representing 73 per cent of the forecast sales revenue. Construction commenced in September 2015.
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