03 Nov 2020
SYDNEY, 3 NOVEMBER 2020
Frasers Property Industrial has secured a lease with American retail giant – Williams-Sonoma, Inc. in the company’s Western Sydney The Horsley Park Estate, which is the first time the business has taken a direct lease for warehousing and distribution operations in Australia.
The seven-year lease comprises a 16,755 sqm warehouse, 640 sqm office and 67 car spaces. Completion of the world-class logistics facility located at 2A Johnston Crescent, Horsley Park is anticipated in mid-2021.
Ian Barter, General Manager Northern Region for Frasers Property Industrial, comments, “Western Sydney continues to attract major national and international retail brands and the growth of organisations such as Williams Sonoma will see the region expand rapidly and underpin the creation of thousands of construction and operational jobs over the next 10 years.”
Bespoke facility features include a dedicated truck loading and car park areas, a minimum building height of 11.5 metres at the gutter raking up to 14.6 metres at the ridge and a 34-metre wide loading area. In addition, the building will be designed to achieve a 5 Star Green Star rating from the Green Building Council of Australia and will obtain carbon neutral certification of built form works, incorporating a solar PV system that uses battery storage and bio-diesel back up generation.
The Horsley Park Estate is located within the established industrial areas of Horsley Park and Eastern Creek as well as Western Sydney’s Employment Area (WSEA). It has excellent heavy vehicle access to both the M4 and M7 motorways via Old Wallgrove Road. Turnover of land within the estate is now completed with only 9,730 sqm of speculatively developed warehouse space remaining available for lease from April 2021. CSR, Hino Australia and a national bottling company currently reside in the estate.
WSEA was identified over a decade ago as a major area for logistics and warehousing operations as a direct result of its access to major motorways.
The neighbouring Mamre Rd Precinct in Kemps Creek was rezoned for employment use in June 2020. Frasers Property Industrial and Altis Real Estate Trust (Altis) recently formed a joint venture to purchase and develop 118 hectares of industrial land in Mamre Road Precinct.
Strategically located on the corner of Mamre Road, the future Southern Link Road and opposite the impending Western Sydney Intermodal Terminal, the new joint venture estate will accommodate up to 400,000 sqm of world-class sustainable logistics and industrial facilities with an expected end value in excess of $1 billion1 when fully completed.
Peter Blade and Greg Pike from JLL in Western Sydney brokered the deal.
1 Approximate end value of the developed estate on completion as at October 2020.