Millers Junction Retail, Altona North, Victoria
Millers Junction Retail is the third and final stage in Folkestone’s Millers Junction development, in Altona North, Victoria.
In June 2017, Folkestone announced it had entered into agreements with BWP Trust to acquire 1.0 hectares of land and a new call option to acquire an adjoining further 2.4 hectares of land at 290-298 Millers Road, Altona North, to undertake Stage 3 of its successful Millers Junction project.
The 3.4 hectares of BWP Trust land will be amalgamated with approximately 2.2 hectares of Folkestone’s existing land holding, immediately to the rear of the BWP Trust land, to create Millers Junction Retail, a 13,330 sqm neighbourhood and large format retail centre anchored by Woolworths. The masterplan has secured unanimous support from Hobsons Bay Council and has been granted approval by the Victorian Planning Minister. Leasing of Millers Junction Retail is well underway and Folkestone is targeting completion in the 2020 financial year.