Joint venture developers Frasers Property Industrial and Aware Real Estate have secured Probiotec for a built-to-suit 29,808 sqm facility on a 15-year lease at The Yards at Kemps Creek in NSW.
Probiotec, an industry leader in the contract manufacturing and packing space for pharmaceuticals, will consolidate its packaging operations across the company at the architecturally designed facility, which also includes a 1,118 sqm office mezzanine.
Once complete and operational, the new facility is expected to house more than 200 employees. The facility will support heavy logistical operations with 11 flush docks and four recessed docks, as well as additional floor loading tolerances.
The warehouse will also be fitted with a climate control system to ensure that inventory is handled within optimum temperature tolerances, as well as the ability to support flexible automation for efficient production operations.
Designed to target a 6 Star Green Star Design & As Built v1.3 rating by the Green Building Council of Australia, the facility will feature energy-efficient smart LED lighting, an upgradable photovoltaic system, energy metering and monitoring, rainwater capture and harvest systems as well as water-saving tapware with a minimum five-star Water Efficiency Labelling and Standards (WELS) rating.
Located in a burgeoning industrial zone of Greater Western Sydney that is earmarked for further expansion, The YARDS offers access to key transport infrastructure, including the M4 and M7 motorways.
Practical completion for Probiotec’s facility is expected in 2024.
“We are pleased to partner with Probiotec to bring their new pharmaceutical packaging and distribution centre to life,” Roland Martin, General Manager – NSW, Frasers Property Industrial said.
“Our team has worked together with Probiotec to design a modern facility that is able to accommodate the high standards of hygiene and climate control required in their specialised operations. We look forward to welcoming them to The YARDS.”
“TMX designed and procured a property solution for Probiotec at The YARDS, which is focused on optimising their core operational performance and enabling future growth targets to be reached by providing adaptability to accommodate any changes, such as future acquisitions that Probiotec may experience over the next 15 years or more,” Jack Moroney, Global Director at TMX Global, said.
“Probiotec’s long-term lease at The YARDS is a strong indicator of the confidence they have in the project and this latest deal continues the trend of large manufacturing businesses exiting older style facilities and seeking modern, bespoke and operationally efficient buildings.”
“As a leader in the pharmaceutical packing sector, Probiotec needed a modern facility to not only match our growth as a business, but one that was acutely tailored to our production processes including integrating flexible automation into our operations.
“Many of our clients also have specific requirements to meet various regulations and standards when it comes to packaging and storage of consumer goods. This required a complex bespoke warehouse solution.”
“We also wanted to capitalise on the operational benefits of consolidating our operations across Sydney under one roof, as we continue to grow.”
“We are pleased that Probiotec will be centralising their operations at The YARDS, which is being developed as Western Sydney’s premier industrial precinct,” Michelle McNally, CEO Aware Real Estate said.
“As The YARDS continues to draw blue-chip customers in the region, we look forward to its emergence as an innovation hub where businesses can thrive. Altis Property Partners is project managing this development on our behalf.”
Frasers Property Industrial is a strategic business unit of SGX-listed Frasers Property Limited, a multi-national company that owns, develops, and manages a diverse and integrated property portfolio with total assets of approximately S$40.2 billion as at 30 September 2022.
Frasers Property Industrial owns and manages industrial and logistics properties in Australia and Europe, and its portfolio includes logistics facilities, warehouses and production facilities in strategic locations.
Frasers Property Industrial has approximately S$11.2 billion of assets under management as at 30 September 2022 with integrated development, asset management and third-party capital management capabilities across the Group’s industrial and logistics markets in Australia, Germany, the Netherlands and Austria.
Aware Real Estate was launched in 2022 to actively manage Aware Super’s directly-owned Australian living, industrial, office and mixed-use portfolio.
With $1.7 billion Assets Under Management (AUM), Aware Real Estate aims to be a market-leading property platform hosting $7 billion in assets within five years.