LOGOS breaks ground at its Marsden Park Logistics Estate in Sydney
Monday 29th October 2018
LOGOS has secured two pre-commitments for Stage 1 works of the Estate, with eStore, Australia’s largest third-party logistics provider and Valleyfresh, the global produce distributors and packers, committing to five and 10 year leases respectively. Given the strong tenant interest in the Estate, LOGOS is also developing two speculative facilities as part of Stage 1.
Minister for Planning, Anthony Roberts, said Marsden Park’s growth is attracting new businesses like LOGOS and other major companies.
“It’s another clear signal of Western Sydney’s strong reputation as a major economic and industrial powerhouse. In fact, the value of industrial building approved in Greater Sydney in 2017 more than doubled to $3.75 billion.
“A lot of that activity was in Western Sydney, including in Marsden Park, where employment lands contribute over 220,000 jobs and generate about $125 billion of output,” he said.
Member for Riverstone, Kevin Conolly, said the Marsden Park community will benefit from the creation of hundreds of new jobs close to home.
“I’m delighted to say that, following public consultation, the Marsden Park community now stands to benefit from the creation of hundreds of new jobs all within easy distance.
“The $128 million development will have seven warehouse buildings constructed in four stages with loading docks, 633 car parking spaces, administration offices, internal roads and on-site landscaping,” Mr Conolly said.
Blacktown City Mayor Stephen Bali said; “Blacktown City is the powerhouse of Western Sydney with a $16.5 billion regional economy supporting 130-thousand jobs. The Marsden Park Logistics Estate forms a vital part in the sustainable industrial development of the region that is driving our strong economy.
“Blacktown City Council will continue to work with Government and industry to ensure we have the necessary infrastructure in place to support that development and we congratulate LOGOS in reaching this milestone in their Marsden Park facility,” Mayor Bali said.
LOGOS has been working with the Department of Planning and Blacktown Council over the past 10 months on this strategic Estate for the Group.
LOGOS’s Head of Australia and New Zealand, Darren Searle said: “We are excited to have received the green light to start construction at the Marsden Park Logistics Estate, and thank the NSW Planning Minister, the Department of Planning and the local Blacktown Council for their ongoing support for the Estate.
“Marsden Park has experienced significant investment over the past few years with a number of large companies, including IKEA and Costco, moving into the area. This puts Marsden Park in a unique position as it not only provides excellent transport access to the M7, M4 and the NSW State Government’s planned M9 Orbital, but a more holistic offering with unrivalled local amenities from neighbouring retail hubs,” Mr Searle added.
Stage 1 works have recently commenced and will include the development of a purpose built 6,224sqm facility for Valleyfresh, a 12,515sqm facility for eStore and two speculative properties of 3,563sqm and 11,640sqm.
LOGOS is currently in discussions with a number of potential logistics occupiers for the remaining 95,000sqm of lettable floor space available at the Estate.
Marsden Park Logistics Estate is owned by LOGOS Australia Logistics Venture (LALV), a partnership established in late 2014 between LOGOS and its capital partners to acquire and develop prime, logistics estates across Australia. LOGOS’ Australian and New Zealand portfolio includes assets and developments across New South, Victoria, Western Australia, Queensland and Auckland, with its development pipeline standing at over A$2 billion.
Quotes attributable to
Leigh William, MD eStore
“Marsden Park was selected as an ideal area for eStore Logistics’ eCommerce fulfillment service expansion in Sydney. The new facility will deliver improved efficiency and throughput for Australian retailers and faster delivery of eCommerce orders for online shoppers. The company expects to create up to 100 new jobs for people living in Marsden Park and surrounding areas.”
Simon Powell，General Manager, Valleyfresh Australia
“The development of our new state of the art cool store Distribution Centre in Marsden Park is part of our long term investment strategy to better service the growing needs of our domestic retail customers. LOGOS’ Marsden Park Logistics Hub provides an ideal geographical distribution location to deliver quality goods in a timely manner to our major fresh produce partners. The area provides excellent transport connectivity via the major arterial roads of the M4, M7/M2 direct to airport access.
It’s exciting to be part of a thriving business development zone, an area that is setting the standard as the premium choice for building progressive businesses.”
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