Yale Investment Group Drops $275m on Industrial Hub
Yale Investment Group has paid $275 million for a masterplanned industrial development site in Melbourne’s north, in what is being touted as Victoria’s largest property transaction for 2026.
The sale of O’Herns Logistics Park at 25 Vearings Road, Epping, is the state’s biggest deal since Brown Property Group paid about $250 million for a Clyde North site in mid-2025.
The family office of developer Andrew Sirianni acquired the 260ha site from Sandhurst Retail & Logistics with settlement expected in July.
Goodman Group attempted to purchase the site in 2025 for a similar price but withdrew after the business entered due diligence on several large projects in November 2025.
Colliers agents Nick O’Brien, Daniel Telling, Sean Thomson and Gavin Bishop handled the sale along with LAWD’s Peter Sagar and Paul Callanan.
Yale would develop a business park on 118.1ha of the rectangle site. A masterplan put together by the former owners allows for 700,000sq m of warehousing and logistics development, with an end value of approximately $2 billion. Cultural heritage-approved conservation areas would occupy 127ha and the balance can be allocated to infrastructure.
O’Brien said data centre operators had become active in Melbourne’s north-west, where new power infrastructure enabled energy-intensive facilities and “unlocking scalable land that is readily serviced and developable is a key focus for capital sources both domestic and global”.
The site has 3.19km of road frontage near the Hume Freeway and is 20km north of Melbourne’s CBD and a 16-minute drive from Melbourne Airport.
“The sale ensures Yale Investment Group control a huge development pipeline within the precinct, capable of satisfying an institutional-grade warehousing and industrial land subdivision,” Sagar said.
“With the purchase of O’Herns Logistics Park, Yale Investment Group has secured the opportunity to develop a world-class logistics estate and achieve a potential higher order development outcome, including the potential for a large-scale data centre campus.”
Sagar said the sale would likely remain Victoria’s largest for some time.
Developer Playbook: Using Hyperlocal Engagement to Drive Sales Velocity
From Returns to Ruin: Inside the $230m ISG Collapse
Urban Bushfire Risk Rising as Climate Changes, Cities Expand
Potential Meets Caution as NSW Pattern Book Housing Put to Test
