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Dexus Completes Industrial Estate in Western Sydney

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Property giant Dexus has secured Beaumont Tiles, Orora and Coco Republic as new tenants to its new purpose built facility, spanning a 70-hectare industrial site in Sydney suburb Pemulwuy.

The move sees Quarry Greystanes, an industrial estate 30-kilometres west of Sydney CBD now fully leased, marking the completion and delivery of the premium industrial estate in Western Sydney.

Dexus acquired the 70-hectare site, originally part of the 120-year old Prospect Quarry across two purchases in 2007 and 2014.

Dexus head of industrial development Chris Mackenzie says the industrial site has been developed to deliver more than 310,000sq m of premium warehouse space and approximately 30,000sq m of office space.

“Quarry has established a key economic hub for Western Sydney, attracting a diverse community of high calibre customers across a range of sectors, and providing employment for around 3,000 people.”

Related: Industrial Sector Braces for $21bn Capital Injection in 2019

Recent JLL research shows demand for Sydney industrial stock recorded the highest take-up levels across Australia last year.

Confidence in the nation's logistics sector has seen growth fuelled by ​the need to ​deliver goods with the greatest degree of efficiency, boosted further by the rise of online retail.

Capitalising on the strength of the sector, Dexus said it has aligned its business to support its customers’ activities though different stages of supply chains.

Dexus head of industrial Mark Cuddy said the group recognised opportunity between the retail and industrial property sectors, a "Ship to Shop Shelf" offering, he described, providing “the capacity to move products from air or sea ports to their end users or retail outlets via warehouse space at Quarry”.

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Article originally posted at: https://theurbandeveloper.com/articles/dexus-completes-industrial-estate-in-western-sydney