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$100m+ Epping development opens as The Ascott Limited and Centreland back Melbourne's north

The Ascott Limited

MELBOURNE, 12 November 2026: More than $100 million in private investment has reached a major milestone in Melbourne’s north, with Centreland Group and The Ascott Limited,Australia today opening the 122-key Oakwood Epping Melbourne as business and employment growth continues across the Epping corridor.

The hotel and serviced apartment forms part of a $100 million-plus mixed-use development by Centreland Group, led by Managing Director Peter Wu, and is the latest collaboration between Centreland and Ascott following the delivery of Quest Collingwood.

The opening comes as Epping’s economic importance is increasingly in focus, including renewed attention on the future of the Melbourne Market, one of Victoria’s most significant fresh produce and logistics assets.

The Market sits within the broader Cooper Street corridor alongside Northern Hospital and a growing concentration of healthcare, logistics, manufacturing, construction and commercial activity. The City of Whittlesea expects the Cooper Street and O’Herns Road Employment Precinct to ultimately support more than 25,000 jobs.

City of Whittlesea Mayor, Councillor Lawrie Cox said: “The City of Whittlesea is one of the fastest-growing areas in Victoria, and with this growth comes a need to ensure our city, and in particular our economy keeps pace.

“Developments such as this support our Council’s goal of boosting employment opportunities, while catering to the growing demand for accommodation in the area for both corporate and leisure visitors, as well as families wanting to stay close to the nearby healthcare facilities.”

Peter Wu, Managing Director of Centreland Group, said the fundamentals underpinning Melbourne’s north made Epping attractive for long-term investment.

“Epping has many of the things we look for when making a long-term investment - employment and population growth, major infrastructure, established industries and strong transport connections.

“There is already substantial economic activity here, but what gives us confidence is the growth still ahead. We see Melbourne’s north continuing to attract businesses, jobs and investment over the long term.

“Our partnership with Ascott has already delivered Quest Collingwood, and Oakwood Epping Melbourne gives us an opportunity to build on that relationship with a different accommodation proposition in a very different market.”

David Mansfield, Managing Director of The Ascott Limited Australasia, said changing patterns of business activity were creating accommodation demand well beyond traditional CBD locations.

“Business travel doesn’t begin and end in the CBD. Major employment corridors like Epping are generating their own demand from project teams, healthcare professionals, relocating employees, suppliers and businesses operating across Melbourne’s north.

“That demand is being supported by significant industries across healthcare, logistics, fresh produce, manufacturing and construction, as well as a rapidly growing local population.

“Strong development partnerships are fundamental to the way we grow, and our continued relationship with Peter and Centreland is a good example of how we can match the right accommodation brand with the needs of a particular market.”

Oakwood Epping Melbourne offers contemporary studios and one- and two-bedroom apartments designed for both short and extended stays, with onsite food and beverage, a gym, secure onsite parking and an upper-level alfresco terrace with BBQ facilities.

The property sits on Cooper Street, moments from Northern Hospital, Melbourne Market and Pacific Epping Shopping Centre, placing it within one of Melbourne’s north’s principal employment and commercial corridors.

The opening also expands Ascott’s existing presence in Epping, joining sister property Quest Epping nearby across the Cooper Street precinct. While the two brands offer distinct accommodation experiences, their co-location reflects the depth and diversity of demand Ascott sees in the area.

Oakwood Epping Melbourne becomes the second Oakwood property in Australia, joining Oakwood Premier Melbourne. Oakwood Premier Wright Street Adelaide and Oakwood Flemington Melbourne is due to open in 2027, with further Australian growth planned for the brand.

Oakwood Epping Melbourne is now open and accepting bookings.

ENDS

About us:

About Oakwood

Oakwood is part of The Ascott Limited’s global portfolio of accommodation brands and is designed around the idea of making guests feel at home wherever their travels take them. Combining residential comfort with reliable hospitality services, Oakwood caters to business travellers, relocating professionals, extended-stay guests and leisure travellers seeking greater space and flexibility.

In Australia, the Oakwood portfolio currently includes Oakwood Premier Melbourne and Oakwood Epping Melbourne, with Oakwood Premier Wright Street Adelaide scheduled to join the network in 2027. Oakwood Premier represents the brand’s elevated luxury tier

About The Ascott Limited

At Ascott, we believe the world is yours to explore, offering endless possibilities to live your journey and experience it your way. Whether you are a solo adventurer, a relocating professional or a family creating memories, we are here to enrich your travels with heartfelt experiences that make each stay feel truly yours.

With a global presence in over 230 cities, our diverse portfolio of award-winning brands empowers you to choose the stay that best meets your needs — from city hotels perfect for business trips and vibrant social living spaces for friends, to beachside resorts for family vacations and fully-serviced apartments for extended stays. We have a place for every type of journey, where every stay is a story waiting to unfold, where every path leads to belonging.

Reimagining hospitality as a tapestry of experiences infused with choice, loyalty, and authenticity, our suite of brands caters to every type of guest with its range of typologies.

Stay Your Way with your favourite Ascott brands and discover Global Living with Unlimited Possibilities.

 

 

 

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Media Contact

Chris Waite
Director & Chief Operating Officer
Powerhouse Communications
+61 438 943 562
[email protected]