The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL WEEK TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
FINAL WEEK TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterThu 06 Oct 16

Frasers Property Australia Acquires Prime Sydney Land

Chullora-Map2_620x380

Frasers Property Australia has acquired a 15.19 hectare site in the well-established Inner West industrial area of Chullora.

The Chullora site comprises a six hectare parcel of land fronting Muir Road on the adjoining 9.19 hectare parcel that will be subject to a 20 year triple net lease to SUEZ Recycling & Recovery Pty Ltd.

Frasers Property Australia General Manager Northern Region Ian Barter said Chullora is a highly sought after industrial precinct with few opportunities to purchase large sites of this calibre in the area.

"This acquisition provides us with the immediate opportunity to deliver a mix of pre-committed and speculative space with an estimated end value of $55 million, to take advantage of the low vacancy rates, limited future land supply and higher rentals achievable in this area.

"The site is expected to attract strong interest from online retail groups and organisations who need to be located closer to their customer base and Sydney’s metropolitan areas."Mr Barter said the acquisition will further boost the company’s capacity to service the growing needs of major Australian and international groups in the Sydney market.

CBRE Regional Director Jason Edge said the Chullora purchase further highlights the continued strong demand from developers looking to secure land within Central Western Sydney.

"This is driven by the need for occupiers to remain within close proximity to Sydney’s CBD and the recent rezoning of Melrose Park and Homebush, which is putting additional pressure on supply.”

The site is strategically located 18 kilometres west of Sydney’s CBD, close to the Hume Highway and six kilometres from the M4 motorway.

Major tenants in Chullora include Volkswagen, Australia Post, News Limited, Toll, Fantastic Furniture, Primo and BlueScope Steel.

In re-stocking its industrial landbank, Frasers Property has also acquired a 10 hectare site adjacent to its Eastern Creek Business Park in Western Sydney.

Melbourne acquisitions were beside existing industrial parks owned by Frasers Property including a 20 hectare site located at 18 Archer Street, Truganina beside West Park Industrial Park and two additional land parcels (combined area of 15.72 hectares) adjacent to The Key Industrial Park on Perry Road in Keysborough.

IndustrialAustraliado not useReal EstateDeal
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
haven hope island Activa Way at 7002 Springfield Drive, Hope Island resort developments
Exclusive

High-End Industrial Solves Gold Coast Enclave Conundrum

Renee McKeown
6 Min
Dee Why
Exclusive

Why Design-Led Development is Rising at ‘Forgotten’ Dee Why

Vanessa Croll
6 Min
Carrington Place - Ellipse EDM
Exclusive

NSW’s ICIRT Hands Lifeline to Off-the-Plan

Clare Burnett
7 Min
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
View All >
BJB Architects' rendering of N & E Investments Pty Ltd's co-living project at 276-278 Rosslyn Street in West Melbourne.
Student Housing

City Signs Off Co-Living Project at West Melbourne

Marisa Wikramanayake
Graya, Aniko GC Sales Splurge hero
Development

Graya, Aniko Tap Gold Coast’s Towering Apartment Demand

Phil Bartsch
An aerial shot of an Adelaide suburb where house prices have moderately grown over the second quarter of 2025.
Residential

House Prices Surge Across Every Australian Capital City

Marisa Wikramanayake
Fresh data from Domain for the June quarter also shows record highs in many cities, and there’s one factor behind it…
LATEST
BJB Architects' rendering of N & E Investments Pty Ltd's co-living project at 276-278 Rosslyn Street in West Melbourne.
Student Housing

City Signs Off Co-Living Project at West Melbourne

Marisa Wikramanayake
2 Min
Graya, Aniko GC Sales Splurge hero
Development

Graya, Aniko Tap Gold Coast’s Towering Apartment Demand

Phil Bartsch
3 Min
An aerial shot of an Adelaide suburb where house prices have moderately grown over the second quarter of 2025.
Residential

House Prices Surge Across Every Australian Capital City

Marisa Wikramanayake
3 Min
Denman Prospect Canberra Stage Three site
Development

Tenders Called for Final $150m Stage of ACT’s Newest Suburb

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/frasers-property-australia-acquires-prime-sydney-land