At Warwick Farm in southwest Sydney, Stockland has commenced clearing 11.5 hectares of trees at Coopers Paddock in preparation for a 52,000 square metre four-building logistics hub. Situated on Governor Macquarie Drive, the rezoned site is a former horse training facility that will offer flexible purpose-built warehouse and office opportunities with direct access to the Hume Highway and M5 Motorway.
Stockland Development Manager Christian Kublins said, “The site is a rare infill opportunity in Sydney’s mid-ring south-western market and at six times the size of the Sydney Cricket Ground, we believe the excellent exposure at Cooper’s Paddock will appeal to tenants.”
Works of $9 million, including servicing, new internal road works and upgrade works to Andrews Road, have started at Waterside Corporate, a 30-lot land subdivision located in Penrith’s emerging industrial and commercial precinct. Demand is high with 28 of the 30 lots already sold. Adjoining the Waterside residential community, Waterside Corporate includes lots from 1,000 square metres to 15,000 square metres for business use. Works will be complete late in 2016.
Stockland National Development Manager Robert MacKay commented on this project to speak about the community benefits. “Waterside Corporate offers the Penrith business community a rare opportunity to acquire tightly held land evidenced by the strong pre-sales. The works we will undertake by Stockland at Andrews Road will greatly benefit the community and new businesses moving to Waterside Corporate will also invigorate the local economy.”
Stockland Logistics and Business Park General Manager Tony D’Addona said, “Both projects reinforce our diverse development capability and the great outcomes we can achieve through collaboration evidenced here of the development and project management teams. These projects coupled with the Oakleigh and Ingleburn projects already underway reinforce our strategy of growth by development.”