The NSW Government has committed to a number of new transport infrastructure projects within Greater Sydney, which will benefit the already booming industrial occupier market. JLL Head of Industrial Western Sydney Peter Blade said, “The State Government’s continued commitment tofurther fund major projects that improve the transport infrastructure in Western Sydney is welcomed.” 

The New South Wales 2021-22 Budget allocates funding towards a number of significant infrastructure projects which will support the continued expansion of industrial and logistics development in Western Sydney.

The State Budget estimates that infrastructure spending will average $27.1 billion over the next four years, with the vast majority targeted at transport projects. This spending is headlined by major projects that will expand the transport network in Greater Sydney, including Stage 1 of the M6, the Northern Road Upgrade and the M12 Motorway.  

JLL’s Head of Industrial – (Western Sydney), Peter Blade said, “The State Government’s continued commitment tofurther fund major projects that improve the transport infrastructure in Western Sydney is welcomed, as it allows a range of industrial occupiers to improve the efficiencies of their supply chain.”

“One of the key considerations for many of our clients who occupy industrial space is savings on transport costs. The delivery of an improved transport network will allow groups to consider a wider range of locations to suit their business needs.”

In addition to the most significant new transport projects, there are some smaller funding commitments which will assist in the growth of some establishing industrial precincts in the outer west.

“The Western Sydney Growth Roads Program, which will include upgrades to parts of Mamre Road near Kemps Creek and The Horsley Drive in Wetherill Park, will provide scope for developers to continue to activate their land holdings in these outer precincts. This will be vital in continuing to service the growing and expanding occupier base in Sydney’s industrial and logistics market across the logistics, eCommerce and manufacturing sectors,” Mr Blade said.

Further out west, the $1.0 billion commitment to commencing construction of Sydney’s Western Parkland City, to be known as Bradfield, will also provide further opportunity for jobs and population growth around key existing industrial centres.

JLL’s Managing Director (NSW), Daniel Kernaghan said, “The Western Sydney industrial and logistics market is already one of the most active in the country, due to its strong connectivity to the significant population base across Greater Sydney. However, we expect that the establishment of Bradfield and the Western Sydney Airport will further increase the locational benefits of the area for industrial occupiers, as the geographic centre of Sydney’s population continues to move west.”

JLL Managing Director (NSW) Daniel Kernaghan