Lane Cove’s last vacant development site earmarked for $75 m industrial unit and self-storage designed by SBA Architects for Sydney development and civil infrastructure company Hannas. Hannas CEO Danny Hanna said, “We are proud to launch Arc Lane Cove.” CBRE Director Peter Mangraviti and Colliers Associate Director John Carney have been appointed.
Lane Cove’s last vacant development site has been earmarked for a $75 million industrial unit and self-storage designed by SBA Architects for Sydney development and civil infrastructure company Hannas. Hannas CEO Danny Hanna said, “We are proud to launch Arc Lane Cove.” CBRE Director Peter Mangraviti and Colliers Associate Director John Carney have been appointed.
A total of 51 premium self-storage units and 48 industrial units have been proposed for the Arc Lane Cove development situated at 16 Orion Road.
It is the latest foray for Hannas, following the development of a series of landmark industrial, residential and commercial projects, including Bluestone Industrial Estate at Greystanes and premium residential development The Harrington Collection at The Rocks.
Hannas CEO Danny Hanna said, “We are proud to launch Arc Lane Cove, one of the first multi-storey, architecturally designed estates in this market delivering premium-grade space. We have seen a strong demand from businesses and individuals for a greater focus on lifestyle, convenience and amenity when it comes to their workplaces. Arc Lane Cove will deliver a premium work experience not traditionally found in industrial estates through a seamless integration of warehousing, modern offices and storage.”
Under the development application, the three-level complex will comprise a total of 11,028sqm of space over three levels, with units ranging in size from 21sqm to 347sqm.
Designed by SBA Architects, it will have a modern feel accentuated by a curved façade, with flexible industrial/workspaces that prioritise workplace amenity, allow easy access to the individual units and ensure a logical circulation flow.
CBRE Director Peter Mangraviti said, “This project sets a new benchmark for business space on the North Shore. The creative design, starting with the striking curved glass façade, polished concrete floors and exposed services, provides occupiers with exceptionally appealing commercial space and the high level of functionality expected by today’s industrial occupiers,”
Colliers Associate Director John Carney added, “Due to the restricted supply of industrial land on Sydney’s lower North Shore we are finding increased demand from commercial and industrial businesses to secure suitable space. Arc Lane Cove will provide an opportunity for these businesses while giving investors an opportunity to secure a foothold in this tightly held market.”
The Stage one release of Arc Lane Cove will be available to purchase from July 2021 with completion of the Lane Cove West Business Park project expected in June 2022.
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