Colliers is delighted to announce the successful leasing of a brand-new industrial development at 52 Reddish Close, Epping, on behalf of Impact Designer Homes.  

This significant transaction sees UDL Group secure the 2,480sqm space before its completion, with  plans to relocate its headquarters to the state-of-the-art facility upon its completion in November 2024. 

Mitch Purcell, Associate Director at Colliers, highlighted the strategic importance of this location,  stated, “Epping continues to be one of the most sought-after locations in the north due to its  excellent transport connections and prime grade assets. Epping’s middle market is one of the  strongest markets in Victoria.” 

“In 2024, eight transactions have been completed between 2,000sqm and 6,000sqm with an average face rent of $169/sqm. We expect to continue to see strong demand in the area given the incredibly  tight vacancy profile and depleting development supply that underpins our confidence in this precinct.” 

Corey Vraca, Associate Director at Colliers, added, “The property was leased to expanding northern  occupier UDL Group as they double their footprint in Melbourne.” 

“This marks the very first leasing transaction within 4Ten Epping since Colliers sold 10 out of 13 titled  allotments on behalf of Frasers in 2021. The rate of $177/sqm sets a strong benchmark for future  development within this highly sought-after and tightly-held pocket of Epping.” 

The property is situated within Frasers 4Ten Epping Estate, a prime industrial precinct that continues  to attract significant interest from various occupiers due to its strategic location and high-quality  infrastructure. The estate spans approximately 62 hectares of industrial-zoned land and is  strategically located in the heart of Melbourne’s northern suburb of Epping, just 18km from Melbourne CBD, 12km to Tullamarine Airport, and Port of Melbourne 22km away. 

Frasers 4Ten Epping Estate is designed to meet the growing demands of modern businesses,  offering unparalleled access to key transport hubs and infrastructure. The estate features a signalised entry, immediate access to the Hume Freeway, and proximity to amenities such as the  Pacific Epping Shopping Centre, specialty retailers, health and fitness centres, and more.

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