Nunawading Venture on Fast track

A joint venture between listed developer Folkestone and Wilmac Properties has launched a $40 million business park in Nunawading just six months after buying the site.

Wilmac Properties director Angus McQueen said planning for Industria Nunawading had started while they were in due diligence to buy the property, speeding up the process. They paid $7.4 million for the 2.1 hectare parcel of industrial-zoned land at 31-39 Norcal Road in March