Billionaire Bob Ell Pumps Up Development Pipeline

Rich-lister Bob Ell is growing his beachside and industrial development pipelines by submitting documents to local authorities. 

Through his company, Leda Holdings, plans were lodged for a 68 industrial unit development in Greater Western Sydney.

The triangular 19,772sq m vacant site was picked up in November 2021 for $24.75 million at 1403 The Horsley Drive, Wetherill Park.

A residential development at Kingscliffe on a 1.59ha block could also soon be on the cards as Ell looks to settle another site in the Tweed Shire, according to sources.

▲ Former carpenter turned developer Bob Ell had an estimate worth last year of $2.43 billion.

These add to its $650 million in industrial investments around Sydney, along with $590 million in commercial and soon to be growing $190-million portfolio of residential developments nationwide.

The Horsley Drive development site was already approved for a 50 unit industrial and office estate to be called Wetherill Park Business Centre with 12,500sq m of gross leasable area.

The new plans expand on this, with a two-storey complex designed by WMK Architecture including a mezzanine office within each industrial or warehouse unit as well as 260 parking spaces.

▲ Leda's application is for the construction of a two-storey industrial complex comprising of 68 industrial units in Greater Western Sydney.

This created just over 16,137sq m of total space including 10,213sq m of warehouse GLA in 61 units, 2157sq m of industrial space in seven units and 3747sq m of office space. 

The plans were submitted with Fairfield City Council in January with a capital investment value of $52 million.

Although the details on the Kingscliffe residential development are pending, closeby Leda has concept plans approved for a 4500-home community across a 867ha site at Kings Forest on the Tweed Coast Road.

There were also concept plans approved for a 5500-home community approved nearby at Cobaki along with a highrise at Cronulla and a riverside community in North Ipswich all in Leda’s current project list.