The first ever state-of-the-art multi-level industrial development in Sydney’s South West, Platform at Milperra for lease through Colliers' Angus Urquhart and Trent Gallagher.
Platform at Milperra is the first ever state-of-the-art multi-level industrial development in Sydney’s South West being offered to market for lease.
The entire 37,526sqm space at 339 & 349 Horsley Road in Milperra is set to offer occupiers an unprecedented opportunity, with functional ramps and one-way traffic circulation able to accommodate B-Double access to both levels, and 30m wide breezeways for undercover all weather loading.
Sydney’s south west industrial and logistics market has been one of the strongest performers across Australia, boosted by strong population growth, investment in infrastructure and relative affordability compared to precincts closer to the CBD.
The Colliers team of Angus Urquhart and Trent Gallagher are marketing the property, in conjunction with Jon Orsborn and Ryan Jennings of LJ Hooker on behalf of Hale Capital.
“This will be the first ever institutional grade multi-level logistics facility to be delivered in the South West market and will capitalise from the huge industrial rental demand within the market, in particular users from South Sydney that are shifting down the M5 motorway for affordability,” Mr Gallagher said.
“This is the first development of its kind in the immediate area and further reinforces the demand for prime industrial space within the inner South West. The inner South west is lacking vacancy with many major tenants becoming displaced or having to renew within secondary facilities,” Mr Urquhart added.
“The Inner South West Market is starved of A-grade warehousing and Hale Capital’s development will fulfill these requirements thanks to their large market leading multi-level site,” Mr Orsborn said.
Other features of the warehouse include a minimum 4-star Greenstar rating, rainwater harvesting and PV solar systems across the building, as well as ESFR sprinklers throughout.
The overall vacancy rate within the region measures currently sits at 0.5% per cent for Q3 2023, making it one of the tightest markets in the country. Quarter 2 saw a significnat take up of stock within the area with the final tenancy at Barings Altitude development being leased to Austrans and 56,000m² being leased to Qube at Moorebank Intermodal. The South West industrial precinct still remains one of hottest markets within Sydney due to the migration of tenants from Sotuh Sydney and the better quality of buildings available. The area is still significantly starved of brand new availability and the Platform development will be the first to come out of the ground since Altitude offerng occupiers a brand new instituional grade offering and helping ease tight vacancy rate.