Melbourne’s Wolfdene Expands with $330m Industrial Plays
Melbourne-based residential developer Wolfdene has expanded its reach into the industrial sector, acquiring two sites across the city’s growth corridors.
The group is targeting a combined end value of about $330 million across the two projects, working in partnership with capital and development groups.
The move adds to Wolfdene’s broader development pipeline, which is nearing $4 billion in value.
At Cranbourne East, Wolfdene has secured a 24.95ha site zoned Commercial 2 for $77 million.
Planned for that site is a 95-lot industrial estate dubbed Thompsons Corner. The project will be delivered in partnership with Wolf Group and Aspen Capital and is expected to have an end value of about $200 million.
The site is within the Croskell Precinct Structure Plan area, a designated growth corridor in Melbourne’s south-east.
A second acquisition has been completed for $130 million at Donnybrook, in Melbourne’s north, where Wolfdene has partnered with Blueways Group.
That 19.72ha site is in the Shenstone Park precinct and is planned to be developed into a 91-lot light industrial subdivision.
The project carries an estimated end value of about $130 million.
Both projects area aimed at meeting a range of industrial uses, including logistics, trade-based businesses and large-format retail operators.
The estates will provide subdivided, serviced lots designed to meet demand from occupiers seeking space in Melbourne’s outer growth areas.
Construction across both is scheduled to begin next year, with completion targeted for 2028.
During the past year, Wolfdene has continued to expand its footprint, particularly in Western Australia where it ranks among the state’s leading land developers by lot production.
Its active portfolio includes projects including Austin Lakes at South Yunderup, Yanchep Junction, Wellard Green and Maribelle, alongside Victorian communities such as Brompton at Cranbourne South and Saratoga at Point Cook.
The group transacted more than $300 million in property in 2025, including residential land and townhouse sales and englobo site deals.
