SYDNEY, 27 OCTOBER 2020

Frasers Property Industrial and Altis Real Estate Trust (Altis) are developing 118 hectares of industrial land in Western Sydney’s Mamre Road Precinct, Kemps Creek.

Mamre Road Precinct, which is within the Western Sydney Employment Area (WSEA) was rezoned for employment use in June 2020. When fully developed the precinct will deliver approximately 850 hectares of industrial land and is anticipated to create approximately 5,200 construction jobs and accommodate in excess of 17,000 full time positions.

Strategically located on the corner of Mamre Road, the future Southern Link Road and opposite the impending Western Sydney Intermodal Terminal, the new 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 billion^[1]  when fully completed.

Ian Barter, General Manager Northern Region for Frasers Property Industrial comments, “Frasers Property Industrial and Altis identified Mamre Road Precinct a number of years ago as the next frontier for industrial development in Sydney. Its strategic location between the traditional industrial areas of Eastern Creek and Erskine Park and the emerging Western Sydney International Airport precinct made it an ideal region to expand in.

“The critical nature of the industrial and logistics sector has been highlighted during the COVID 19 period. Logistics precincts have become the heartbeat of our cities. This site alone will provide welcome supply for the market and help satisfy the significant pent up demand from a number of organisations who have been looking to expand their presence in Western Sydney, but have been hampered by the lack of large greenfield opportunities available.”

“The industrial sector continues to go from strength to strength and this development will provide a huge boost to economic activity within the region and serve as a critical employment hub for Western Sydney. Over 1,150 construction jobs will be created and more than 2,000 operational jobs when completed,” he added.

“Frasers Property Industrial and Altis are a perfect fit. We share the same vision for the site and are both highly accomplished and well-established organisations with a strong track record in both the industrial sector and Western Sydney.”

Shaun Hannah from Altis Real Estate Trust comments, “This acquisition will build on the recent success of our neighbouring First Estate development and highlights Aware Super’s commitment to the area.

“We see enormous potential in Western Sydney and are looking to set a benchmark for industrial estates in the country from building design, functionality and sustainability to the environment created for staff and the wider community.”

“A focus will be placed on providing generous open space and amenity areas within the development as well as enabling a strong connection to the South Creek Precinct, the green spine of the Parkland City. This will be a new type of industrial development that not only addresses the commercial and functional requirements of customers but also blends this with the wider vision for the area and future industrial facilities,” he added.

Over the past decade, Frasers Property Industrial has developed over 300 hectares of prime industrial land in Eastern Creek, Horsley Park and Wetherill Park. Altis’ recent developments in Western Sydney include the neighbouring First Estate Kemps Creek and Bankstown Airport.

WSEA is a major area for logistics and warehousing operations due to its proximity to Sydney’s major road networks including the M7 and M4 motorways. Mamre Road Precinct will have direct access to the Southern Link Road, M9 and M12 linking with major motorways and the Sydney Metropolitan area.

This area is set to significantly benefit from the NSW and Federal Government’s Western Sydney Infrastructure Plan, encompassing Western Sydney International Airport, which is set to inject up to $3.6 billion to provide new and upgraded road systems to support future growth demands in the area.

[1] Approximate end value of the developed estate on completion as at October 2020.