Frasers Property Australia has bought two prime industrial sites in Western Sydney, which will benefit from the state and federal government’s Western Sydney Infrastructure Plan (WSIP), encompassing Western Sydney Airport.
The acquisition in Horsley Park is more than 10 hectares and was purchased from CSR Building Products Limited.
It is located approximately three kilometres from the company’s Eastern Creek sites of around 110 hectares. The proposed Southern Link Road will also front the land parcel and links directly to the M7 motorway.
The second site is 3.5 hectares on Eastern Creek Drive, Eastern Creek and was purchased from Jacfin Pty Ltd.
It shares a common boundary to Frasers Property’s Eastern Creek industrial estate.
“The two acquisitions are strategically positioned to capitalise on the rapidly expanding Western Sydney region,’’ says Ian Barter, general manager commercial and industrial northern region for Frasers Property Australia.
“Demand is very strong in this area, which is driven by displaced users from traditional industrial regions, a once in a generation infrastructure spend, strong population growth and a critical shortage of land.’’
The WSIP is a $3.6 billion federal government initiative, which will provide new and upgraded road systems to support the future demands of the second Sydney international airport at Badgerys Creek.
“These purchases further restock our landbank in a highly sought-after area and will help us maintain a strong presence. We have already developed over $950 million worth of institutional product in the region,’’ Mr Barter said.
“The latest acquisitions are our seventh and eighth in the WSEA precinct since 2005,” he said.
The new sites will accommodate up to 81,510 sqm of built form, enabling Frasers Property to service existing and new customers.
Major corporates, third party logistics providers and local manufacturers will predominantly lease or own A grade institutional product in these locations.