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The building would be designed to house companies that urgently needed space, and would have the flexibility to accommodate tenants looking for 3000 sq m to 15,000 sq m, Vaughan Constructions marketing manager Mark Byrne said. The news comes in the wake of several leasing and sales deals at the estate, which Vaughan owns in a joint venture with ING, worth about $17 million. A 5000 sq m printing facility for Lithocraft was completed two weeks ago, while in April US materials handling company Hyster leased 4700 sq m in another building. Victorian Rural Transport is building a 2200 sq m warehouse on land it bought from the joint venture, and AbiGroup bought a 1.1-hectare parcel at the estate at the start of the year. Mr Byrne said he was confident the speculative building would appeal to the market, given its flexibility to accommodate a variety of tenants. He said there had been strong inquiry from companies needing about 5000 sq m since the start of the year.
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