Frasers Property Industrial has expanded its western Sydney footprint with the acquisition of a 73-hectare industrial land parcel in Kemps Creek.
The new site will comprise warehouses, distribution centres, freight transport facilities and premium health and wellbeing amenities across a large 63ha parcel and a smaller 10ha northern lot.
The property has access to the Westlink M7 via Mamre Road, Bakers Lane and Elizabeth Drive, while Sydney Airport and the Sydney CBD are only 45km and 53km away, respectively.
The site is also located near The YARDS – a lifestyle precinct by Frasers Property Industrial that has attracted significant leasing enquiry from renowned and diverse customers in the logistics, technology and manufacturing industries.
The property is Frasers Property Industrial’s second estate at Kemps Creek and adds to its growing landbank in the Mamre Road Precinct.
Frasers is targeting a minimum 5 Star Green Star Design and As Built Ratings from the Green Building Council of Australia for all of its planned facilities.
“Frasers Property Industrial’s latest acquisition in Kemps Creek will grow our strategic landbank in Sydney’s west, where there has been a shortage of developable industrial land,” said Roland Martin, General Manager – NSW, at Frasers Property Industrial.
“The prime location allows customers to be strategically situated within a major distribution hub for New South Wales, which provides easy access to Sydney’s CBD and airport.
“As the industrial and logistics sector continues to experience growth in western Sydney, we recognise the need to support the local community and workers with world-class amenities, state-of-the-art building design and innovative sustainability credentials.
“We look forward to creating another industry-leading estate at the new site, where we will continue to create new benchmarks for the industrial sector.”
“Frasers Property Industrial has expanded its landbank in Kemps Creek once again – a decision that was supported by the significant leasing inquiry and ongoing success at our nearby estate The YARDS,” said Ian Barter (pictured), Executive General Manager, at Frasers Property Industrial.
“It follows other recent acquisitions in our Australian portfolio, including at Cobblebank in Melbourne’s west.
“We are proud to announce our latest major acquisition, which is set to create thousands of local jobs as planning and construction gets underway.
“A strong development pipeline in Australia shows that Frasers Property Industrial is well positioned to sustain the impressive growth witnessed in the past two years, which has seen the Australian platform grow to more $5.5 billion of assets under management.
“With full occupancy across our facilities, we are pleased to be undertaking more industry-leading projects, which will support the ongoing demand from our customers.”
In July, industrial developer Hannas bought a vacant infill site close to Westmead Hospital in Sydney’s Northmead area from a private owner for $13.5 million.