With the rise of e-commerce and click and collect, there is increasing interest in flexible, well-located logistics spaces that facilitate efficiencies for retailers and meet customers’ service and delivery expectations.
To meet that demand, Stockland is investing in well-located and flexible warehouse spaces that offer customer-focused solutions for retailers.
In July, Stockland started construction on the Coopers Paddock Logistics Park, a new $80 million sustainable office and warehouse estate in Warwick Farm, which will be an important piece of infrastructure for western Sydney and will meet the growing demand for new warehousing and manufacturing space.
The multi-warehouse, multi-tenant logistics development is expected to be complete by early-2018, with international household brand, Daikin already pre-leasing a significant part of the project.
Tony D’Addona, General Manager Logistic and Business Parks said: “The strong interest in central Sydney as a distribution hub driven by a robust NSW economy and infrastructure investment offers a great opportunity to develop high quality assets in the very best locations.”
The site is located in the southwest Sydney industrial precinct close to the Hume Highway, M5 and M7 motorways and near the Southern Sydney Freight Line and future Badgerys Creek Airport.
Stockland has also completed a 29,000 square metre development in Ingleburn, NSW that is now fully leased, with plans well advanced on the next stage of this development. Due for completion in 2018, the two proposed buildings will deliver an additional 36,500 square metres of high quality warehouse space.
Against the backdrop of strong leasing momentum and high demand for Stockland’s logistics and business parks, we continue to refurbish and reposition assets, with significant redevelopments recently completed including the Hendra Distribution Centre in Brisbane, Oakleigh Industrial Estate in Melbourne and Brooklyn Distribution Centre in Victoria. Similar upgrade projects are scheduled for Yennora in NSW, Brooklyn in VIC and Port Adelaide in SA.
“We will continue to explore redevelopment options within our existing portfolio and will be bringing new modern and sustainable warehousing opportunities to the market soon.
“As always, sustainability is a key driver in the redevelopment of Stockland’s assets, with a 4.5 star average NABERs energy rating across our Business Parks portfolio. We remain focused on new ways of incorporating green initiatives and we are investigating solar opportunities at a number of locations,” he said.