This is a fund-through development project that will deliver an approximately 42,500 square metre logistics facility which has the flexibility to be split into single or multiple tenancies, depending on tenant demand and requirements. The project is located in an emerging strategic industrial precinct, underpinned by extensive public infrastructure upgrades, and provides new development product in the near term to meet significant latent demand from customers in Western Sydney.
The property is jointly owned with Dexus, which also owns 50% of the development project.
Asset pending settlement.
- Building typeIndustrial
- Metro areaSydney, West
- ZoningI; and SP2 Infrastructure
- Site area (hectares)20.7
- Site coverage (%)20.6
- Lettable area ('000sqm)42.5
- Lettable area adjusted for ownership ('000sqm)21.3
- Number of buildings1
- Ownership (%)50
- Independent valuation dateAugust 2021
- Independent valuation at ownership ($m)62.7
- Market cap rate (%)4.0