Dexus leveraged its success at Quarry at Greystanes to attract a new industrial partner to commit to developing ‘Quarrywest’ in Greystanes, positioning this unique precinct to become one of Australia’s largest premier estates.
Dexus acquired a new industrial development land bank site called Quarrywest in partnership with the Future Fund, in June 2014. The 25.6 hectare site is located on Reconciliation Road opposite Dexus’s Quarry at Greystanes industrial estate.
This investment opportunity leverages the success of the Quarry at Greystanes development where Dexus has the opportunity to produce a further 115,000 square metres of prime grade space and continue its development momentum.
Development at Quarrywest will commence during FY15 with delivery of the new, high quality industrial facilities expected over three years from FY16 to FY18.