Australia’s largest logistics park sold for $ 1.67 billion
âWe have had access to a world-class asset, comprising a mix of stabilized base buildings and development, which will benefit from the government’s continued investment in road and rail infrastructure, providing a long-term opportunity for growth over time. time. “
So far, the state government has contributed more than $ 500 million in combined investment in the compound and infrastructure with expectations that it will bring more than $ 11 billion in economic benefits over 30 years. .
The enclosure currently includes more than 150,000 mÂ² of warehouses, occupied by a variety of national and international companies, while a number of pre-rentals have already been secured for the new site, totaling 125,000 mÂ² of space.
The consortium said the logistics precinct was the only site in Sydney’s Southern Corridor capable of accommodating custom-built warehouses, giving tenants access to innovative, competitive and customized options for their logistics needs.
Major tenants Woolworths and Caesarstone Australia have already committed substantial capital in technology and fit-out.
âThe benefits of the site extend far beyond just tenants,â said Darren Searle, Logos Manager Australia and New Zealand.
âBy 2030, [the precinct] aims to reduce truck trips within Sydney and between states by 243,000 km per day, and reduce carbon emissions by the equivalent of taking 11,000 vehicles off the road for a full year.