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Developers are building half-width streets in Western Sydney due to current planning laws, as local councils and the state government blame each other over the issues the narrow roads are creating for residents.
The Cranbourne East site will support more than $400 million of industrial and logistics facilities when fully developed.
The 59-hectare site about 60 kilometres from the centre of Melbourne is expected to yield around 1,200 housing lots after rezoning.
Melbourne-based Jinding has snapped up two sites in the city’s north for $130m while the Clyde Town Centre site has been bought by Sydney’s Bathla Group.