Rich Listers Andrew and Michael Buxton have doubled down on their conviction about the longevity of the industrial property boom after accumulating a 77ha landholding in Melbourne’s south-east with plans for an $800 million logistics estate.

The brothers’ $17 billion development juggernaut MAB Corporation acquired the final 32.5ha portion of the amalgamated site at 1520 Thompson Road in Cranbourne East this week, after agreeing to pay syndicator Fawkner Property more than $50 million for a former Nubrik quarry.