Sydney-based Urban Logistics Co has quietly lodged a development application to tear down the former Visy packaging facility and build 23 units across five warehouses on the 7.5ha site about 20km north of Melbourne.

Assuming Hume City Council approves the Broadmeadows application, it will cap an extraordinary couple of years for the last-mile logistics provider.

The 48,800-sq-m facility—almost double the size it is now—will become the 10th asset ULC is managing across 27 separate warehouses and currently occupied by about 45 clients in what is suddenly a billion-dollar-plus portfolio.