The former Holden test track in Australia is on the market for the second time in a year.
The Vietnamese automaker VinFast, which paid $36.3 million for the 2,200-acre property outside Melbourne in late 2020, has since decided to abandon its engineering operations in Australia.
General Motors used the site to develop virtually every Holden built from 1958 until the brand’s shutdown last year. It has an expansive network of roads and a dedicated emissions-testing facility.
“It holds a unique place in Australian motoring history,” CBRE, the real estate firm that listed the track, said in a statement, “and the fundamentals that made it so successful for General Motors and Holden, and attracted VinFast to the property, still ring true.”
A representative for CBRE told Drive, an Australian automotive news website, that it expects the property to command a price matching or exceeding what VinFast paid.
A local environmental group called Save the Holden Parklands last year had urged the state of Victoria to buy the land, which became a refuge for many endangered animals and plants as developers built up the countryside surrounding it.