Land & CommunitiesHudson FarrTue 25 Aug 26
Wolf, Aspen Rush Ahead Melbourne Commercial Precinct Second Release
Wolf Group and Aspen Capital have sold out the first release of their $200-million Thompsons Corner commercial precinct in Melbourne’s south-east.
The project has recorded transactions totalling $60 million within a fortnight of launch to the market.
This result, delivered in partnership with Wolfdene, has prompted the fast-tracking of the project's second release which is now expected in early September with lots ranging from 650sq m to 9931 square metres.
The project comprises about 102 commercial zone 2 flexible land-lots fronting Thompsons and Narre Warren roads. The site has direct access to four major highways and three established shopping centres nearby.
managing director Michael Goldthorp said the success of the first release reinforced the developer’s strategic diversification into mixed-use commercial and retail precincts that supported rapidly establishing growth corridors.
“With a $4-billion pipeline across multiple geographic areas and sectors, Wolfdene now has the advantage of leaning into key markets as they mature to deliver carefully planned mixed-use amenities and neighbourhood shopping precincts that will support the now established growth areas and residential developments,” Goldthorp said.
The location’s strategic significance will be bolstered by plans for the future Casey Central Town Centre, Wolfdene said.
“The early success of Thompsons Corner, which represents the first of many commercial projects in our portfolio, underpins this strategy and reinforces our multi-sector approach to development,” Goldthorp said.
Wolf Group director Jason Zhu attributed the sell-out to a clear read on what commercial operators want in growth-corridor locations, with the response pointing to businesses looking beyond established centres and instead toward the “exceptional value and upside” offered in Melbourne’s maturing outer suburbs.
“We approached Thompsons Corner with a very clear understanding of what commercial operators are looking for in Melbourne’s growth corridors—flexibility, visibility and the ability to secure a site that can accommodate their business as it grows,” Zhu said.
LAWD projects director Henry Burbury, who is marketing the site, said the C2Z zoning had drawn a broad buyer base from national franchises to independent business owners, and expected demand to hold given population growth and the increasing maturity of surrounding residential catchments.
