finance

Broadmeadows Commercial Market Surges: Retail, Industrial, Data Centre Boom

Recent sales and listings in Broadmeadows point to opportunities in retail, industrial and data centre sectors that businesses should monitor.

By Broadmeadows Business Desk · Published 25 July 2026

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Broadmeadows has seen several major commercial property deals that reflect current market conditions. Vicinity Centres sold the Broadmeadows Homemaker Centre for $20 million after completing a $134.5 million transaction for a 50% stake in the neighbouring Broadmeadows Central with Nikos Property Group.

Key Transactions Underway

These retail and industrial asset moves coincide with other activity across the suburb. CADENCE Property Group sold its 1 Broadfield Road industrial asset to Elanor Investors Group for $28.8 million. The sale leaves scope for further industrial development on the site. Separately, Visy is marketing its 7.5-hectare packaging plant at 1-31 Riggall Street, noting potential for mixed-use outcomes that could include medium-density housing consistent with the Greater Broadmeadows Framework Plan.

Large-Scale Projects and Site Listings

Singapore-based Zerra DC has outlined plans for a $1.1 billion data centre on roughly one-third of the 60-hectare former Ford Falcon factory site. At the same time a 4,672sqm corner site at 16-22 Pearcedale Parade, previously used by Centrelink, has been placed on the market with offers sought above $7 million and noted for its development potential.

Implications for Businesses

The pattern of completed sales and new listings shows owners repositioning assets while new entrants prepare significant projects. Businesses evaluating expansion or relocation in Broadmeadows should review current asking prices and development controls on sites such as 1 Broadfield Road and 1-31 Riggall Street. Checking listings for properties like the Pearcedale Parade parcel and monitoring progress on the former Ford Falcon factory site can help identify suitable opportunities aligned with existing zoning and infrastructure.

Market participants will need to track how these transactions affect local supply and pricing in the coming period. Direct engagement with vendors or agents handling the Broadmeadows Homemaker Centre, Broadmeadows Central and the Riggall Street plant offers the clearest route to current terms.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.