Frasers Property Industrial and Altis Real Estate Trust (Altis) are developing 118 hectares of industrial land in Western Sydney’s Mamre Road Precinct, Kemps Creek.
Western Sydney’s Mamre Road Precinct will house a new project from Frasers Property Industrial and Altis Real Estate Trust (Altis) after the joint venture released plans to develop 118 hectares of land at the site.
Situated within the Western Sydney Employment Area (WSEA) and rezoned for employment use in June 2020, the completed precinct is expected to deliver approximately 850 hectares of industrial land and is anticipated to create approximately 5,200 construction jobs and accommodate in excess of 17,000 full-time positions.
The new estate will be located on the corner of Mamre Road, opposite the impending Western Sydney Intermodal Terminal, and accommodate up to 400,000 sqm of world-class sustainable logistics and industrial facilities with an expected end value in excess of $1 billion when fully completed.
At a glance:
Ian Barter, General Manager Northern Region for Frasers Property Industrial, said Frasers Property Industrial and Altis identified Mamre Road Precinct a number of years ago as "the next frontier" for industrial development in Sydney.
"Its strategic location between the traditional industrial areas of Eastern Creek and Erskine Park and the emerging Western Sydney International Airport precinct made it an ideal region to expand in," he said.
“The critical nature of the industrial and logistics sector has been highlighted during the COVID 19 period.
"Logistics precincts have become the heartbeat of our cities.
"This site alone will provide welcome supply for the market and help satisfy the significant pent up demand from a number of organisations who have been looking to expand their presence in Western Sydney, but have been hampered by the lack of large greenfield opportunities available.”
He added the development would build on the momentum that had carried the industrial sector forward this year.
"This development will provide a huge boost to economic activity within the region and serve as a critical employment hub for Western Sydney," he said.
"Over 1,150 construction jobs will be created and more than 2,000 operational jobs when completed.
“Frasers Property Industrial and Altis are a perfect fit.
"We share the same vision for the site and are both highly accomplished and well-established organisations with a strong track record in both the industrial sector and Western Sydney.”
His sentiments were echoed by Shaun Hannah from Altis Real Estate Trust who said the company was looking to set a benchmark for industrial estates in terms of building design, functionality and sustainability to the environment.
“We see enormous potential in Western Sydney," he said.
“A focus will be placed on providing generous open space and amenity areas within the development as well as enabling a strong connection to the South Creek Precinct, the green spine of the Parkland City.
"This will be a new type of industrial development that not only addresses the commercial and functional requirements of customers but also blends this with the wider vision for the area and future industrial facilities."
Over the past decade, Frasers Property Industrial has developed over 300 hectares of prime industrial land in Eastern Creek, Horsley Park and Wetherill Park.
Altis’ recent developments in Western Sydney include the neighbouring First Estate Kemps Creek and Bankstown Airport.
Western Sydney Employment Area is set to significantly benefit from the NSW and Federal Government’s Western Sydney Infrastructure Plan, encompassing Western Sydney International Airport, which is set to inject up to $3.6 billion to provide new and upgraded road systems to support future growth demands in the area.
Similar to this:
Toll lease gives Frasers Property Industrial’s Braeside Industrial Estate 100 per cent occupancy
Melbourne Airport Business Park units pre-leased to Reece Group - CBRE