ONE of Melbourne Dockland’s most prominent, but undeveloped sites, will be converted into a Bunnings store.

The Wesfarmers subsidiary will pay the owner of 263 – 313 Spencer Street rent, to convert the 10,400 square metre building into a Bunnings.

The site sits between thousands of apartments, recently developed or under construction around the Docklands-CBD border.

The deal is part of a $400 million expansion by Bunnings across Australia and New Zealand, according to the AFR which reported the Docklands lease.