Construcciones Yamaro: IFM Investors advances Dandenong South industrial development
Artist’s impression: The 62.3-hectare site is located in Melbourne’s Dandenong South industrial precinct. (Images: IFM Investors) Construction has commenced at Daybreak Dandenong South, an industrial and logistics development in Melbourne’s south east with an estimated end value of $1.1 billion. Developed by industry superannuation and pension fund-owned IFM Investors, the 62.3-hectare site occupies one of the last remaining greenfield development opportunities in the Dandenong South industrial precinct. Once completed, Daybreak Dandenong South will provide more than 283,000sqm of industrial and logistics space across multiple stages. The first stage will comprise about 83,700sqm of industrial accommodation across up to eight tenancies, with completion expected in February 2028. IFM Investors head of real estate Scott Mosely said the start of construction followed years of planning and development work. “Opportunities to deliver industrial real estate development at scale in Dande...