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Civil Work Complete On Major Industrial Site

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Construction of the state-of-the-art industrial business park, Calibre at Sydney’s Eastern Creek is forging ahead after having its civil works completed with 18 of its 22 hectares now serviced and benched.

'Building 1’, the first of five buildings, will soon be delivered.

Calibre, developed by Mirvac, offers over 120,000 square metres of premium-grade warehousing and office space in a highly sought after location at the junction of the M4/M7 motorways, with the potential to create over 700 full time jobs once fully operational. The site’s direct access to Sydney’s transport network allows the site to efficiently operate distribution networks servicing the eastern seaboard and beyond.

Future tenants stand to benefit from the new major infrastructure of Western Sydney, as well as local workforce pools.

The completed Building 1 will deliver 18,020 square metres of high clearance warehouse space and 950 square metres of modern office and amenities with separate dock office and rest areas, as well as 73 car park spaces.

Calibre responds to the latest trends impacting the industrial market, which include an increase in cubic capacity to accommodate the advances in material handling equipment technologyMirvac Executive Stuart Penklis said the site offered a highly attractive proposition for tenants because of the limited amount of land now available.

"This prime location coupled with Calibre’s design innovations has sparked strong interest from a range of manufacturing and logistics companies looking for the flexibility to grow or consolidate operations, while up-grading to a state-of-the-art, custom-designed facility,” he said.

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Mirvac's Stuart Penklis“Many of these prospective tenants are looking for alternative locations to the Sydney’s traditional industrial hubs of Alexandria, Mascot and Rosebery where they are constrained by older buildings and operational constraints."Colliers National Director of Industrial Gavin Bishop said the robust industrial market is also contributing to high demand for assets like Calibre.

“Over the past three years, industrial assets in New South Wales have risen to outperform office and retail assets, with industrial precincts such as Mirvac’s Calibre yielding an annual return of over 14 per cent while office assets came in at 12.9 per cent and retail assets at 11.3 per cent.

"Industrial is currently the outperforming investment class and is contributing to an increase job growth and infrastructure investment across New South Wales, specifically in Sydney’s west,” he said.

Calibre will have energy efficient lighting, rainwater harvesting, photovoltaic solar, cyclist and end-of-trip facilities creating savings for the tenants.

The site is one of Mirvac’s flagship assets and bolsters the extensive industrial portfolio, which includes 15 assets across Australia including Nexus Industry Park and the Hoxton Distribution Park.

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Article originally posted at: https://theurbandeveloper.com/articles/civil-work-complete-major-industrial-site