76 Paramount Boulevard, Derrimut (VIC)

In Q3 2021, Aliro Group on behalf of its Aliro Group Industrial Vehicle (AGIV) identified a 2.8ha parcel of vacant infill land with significant potential in Derrimut, 23km from the Melbourne CBD.  The strategy was to transform the vacant land into high-quality, flexible and modern improvements, with leading sustainability credentials, delivering strong risk-adjusted returns for the Vehicle’s investors.

Strategic Acquisition and Planning

The process began with a comprehensive market analysis and site assessment. “The location was prime and strategic, with access to key infrastructure and arterial roads, and was set to benefit from the planned Westgate freeway and tunnel – the delivery of which would improve freight access and reduce travel times for prospective tenants,” says Jason Blake, Development Director at Aliro Group. “We saw an opportunity to amplify the value created through the origination and delivery phases of the project by leveraging the area’s growth potential and existing infrastructure.” The land was acquired at a competitive price, with the transaction supported by thorough due diligence, strategic negotiation and a 6-month deferred settlement.

Environmentally Conscious Development tailored to clients’ specialised needs

Following the acquisition, Aliro Group’s integrated delivery team partnered with market-leading consultants in architecture, town planning, traffic and project management with construction commencing in April 2022 under Head Contractor 2Construct.

The development plan aimed to convert the vacant land into a high-quality industrial space that prioritised environmental sustainability and accommodated a diverse range of tenant needs.

“Initially planned as a speculative project, midway through construction, we customised the facility to align with tenant-specific requirements following engagement with Linfox, particularly for the storage of hazardous and dangerous goods. This tailored the facility to meet Linfox’s needs, allowing them to streamline their supply chain, enhance operational efficiency & safety, and unlock cost-effective operations,” Blake added. “Our design philosophy was centred on sustainability and functionality.

At Aliro Group, prioritising the diverse and critical needs of our clients, including safety, compliance, and efficiency—is fundamental. For example, when Linfox required storage for motor oil lubricants, it was essential for our facility to meet all safety regulations while providing effective solutions for hazardous materials.

Despite construction already in progress, our expert delivery team seamlessly integrated all specialised tenant requirements. “This included fire-rated walls and ceilings for separation, ceiling and in-rack sprinkler systems, upsized pumps and tanks, mechanical ventilation, and bunding. These proactive measures were essential in ensuring a safe and compliant environment for our tenant to handle hazardous materials,” added Tom Boxtel, Development Manager at Aliro Group.

Value Creation for long-term benefits to our customers

From the origination of the strategically located land, with de-risking via DA approval being achieved prior to settlement, to the design and delivery of market-leading industrial improvements, Aliro’s priority is creating enduring value for its customers.

“This Melbourne project is a great example of Aliro’s end-to-end value creation capability. Creating high quality, flexible, adaptable and sustainable institutional grade properties in the best locations, which deliver long term benefits to tenants and attractive risk-adjusted returns to investors,” noted Jarrah Dowd, Fund Manager at Aliro Group.

Subsequently, this facility was awarded a 5 Star – Green Star – Design & As Built v1.3 certification by the Green Building Council of Australia affirming our commitment to sustainability.

Dowd added, “As innovative leaders in the investment property sector, we look forward to continue identifying opportunities and unlocking their full potential to benefit our customers, tenants and wider community over the long-term.”

For more information about the asset or AGIV, contact Jarrah Dowd, Fund Manager.