Yennora Distribution Centre
One of the largest distribution centres of its kind in the southern hemisphere with 280,000 sqm of warehousing and 68,000 sqm of dedicated container hardstand. The 70 hectare site located 29 kilometres west of Sydney operates as an 'intermodal' rail terminal with seven kilometres of rail sidings connected to the Main Southern Rail Line. Two new buildings totalling 22,600 sqm (Building 3 and 11) are under construction due for completion in FY19.
| Location: Western Sydney, NSW | ||
|---|---|---|
| Acquisition date: | Jul 2000/Nov 2010 | |
| Ownership/Title: | 100%/Freehold | |
| Cost including additions: | $282.5 million | |
| Last Independent Valuation | ||
| Date: | Dec 2017 | |
| Valuation: | $400.0 million | |
| Valuation $/m2: | $1,434/m² | |
| Capitalisation rate: | 6.50% | |
| Discount rate: | 7.25% | |
| Lettable area: | 279,087 m² | |
| Site area: | 70.0 ha | |
| Hardstand: | 68,500 m² | |
| Weighted average lease expiry: | 3.6 years | |
| Major Tenants | GLA m2 | |
| Australian Wool Handlers | 59,097 | |
| Qube Logistics | 44,677 | |
| Toll Holdings Limited | 29,356 | |
| Austpac Pty Ltd | 22,636 | |