42-52 Raymond Avenue, Matraville, has been snatched up in Australia’s first multi-storey logistics transaction. Colliers Industrial & Logistics Capital Markets experts Gavin Bishop, Michael Crombie, Sean Thomson and Trent Gallagher successfully brokered the market leading sale securing $137.6 Million for the newly built facility. The property was developed by Hale Capital Partners who are one of the most active developers of multi-storey logistics facilities within Sydney. 

Mr. Bishop said, “The state-of-the-art institutional-grade facility was sold on behalf of LaSalle Investment Management and purchased by Cabot Properties, marking their first acquisition within the Sydney industrial market. This sale is significant for the market as it is the first multi-storey logistics facility to trade within Australia. Large scale multi-storey logistics facilities often trade in offshore markets and we expect this trend to continue within Australia over the years to come”. 

Along with being the first institutional grade multi-storey logistics development in Australia, the asset boasts state-of-the-art and market-leading, environmentally sustainable design features including, four high-clearance warehouse tenancies with shared breezeway areas, a 4-Star Green Star rating, ESFR sprinklers, 300kW solar panels, energy monitoring systems, EV charging stations, and end-of-trip facilities.

Mr. Crombie mentioned, “This acquisition takes place in one of the most land-constrained industrial submarkets in Sydney. The multi-storey development not only offers market-leading features but also benefits from the connectivity the ideal location provides.” 

The location delivers convenient access to the major transportation routes of the Eastern Distributor, Southern Cross Drive, M5 Motorway, and the new WestConnex M8 Motorway, which provide access to approximately 3.4 million residents within a 45-minute drive time.

Mr. Thomson adds, “The asset located within proximity to the Sydney Airport and Port Botany, some of Sydney’s most critical infrastructure, allows for seamless connectivity to international transport gateways. This core logistics asset provides significant scale within a tightly held market, and its proximity to these key gateways further enhances the building’s appeal and leaseability.”

The limited release and scarcity of land in Sydney’s Industrial & Logistics market has significantly fueled the growth of the multi-storey sector across the Australian market. This leading trend allows owners to increase density, optimise land use, and enhance greater distribution capabilities.

Mr. Gallagher said, “This landmark transaction was achieved via an Expressions of Interest campaign, which generated significant interest due to the rare opportunity it presented. Through close collaboration with our valued clients, we reached a significant milestone and achieved accelerated results for everyone involved.”

Congratulations to the teams at Cabot properties, LaSalle Investment and Hale Capital Partners on this milestone transaction. 

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