Goodman Group Lodges Proposal for $33m 'International HQ'


Logistics developer Goodman Group is transforming an industrial site in Alexandria into its new $33 million headquarters.

The developer submitted to the City of Sydney an application to seek approval for a change of use proposal on two campus-style buildings at 35-39 Bourke Road, Alexandria.

Goodman hopes to connect the buildings by an internal spine corridor with 13 office and retail tenancies.

Related reading: Goodman Group Profit Up 8.5%, Upgrades Outlook

Goodman Group 2

Designed by architect Jackson Teece, the developer says that the project will enhance the viability of the site by providing new employment opportunities.

“It is intended that the proposal be operated as the international headquarters of Goodman, introducing a major commercial employer into the locality, in addition to a number of other commercial, shop, and food and drink tenancies.” said the proposal.

Goodman Group 1

The site is known as the Alexandria Industrial Estate and is currently developed for a number of warehouse buildings and hardstand.

The City of Sydney has identified the area as being able to accommodate more intense forms of employment generation over time.

This transition is currently underway with a number of recently constructed mixed use commercial, retail and residential developments as well as cafes including The Grounds of Alexandria.”

Related reading: Two Major Sydney Industrial Sites Sell for $50m

Goodman Group 4

Last year Goodman also purchased a 2.3 hectare industrial site in Sydney's south at Corish Circle, Banksmeadow in the Port Botany industrial precinct for $25.2 million, highlighting the demand for industrial assets in Sydney's south.

Related reading: 'Sydney Six' Industrial Portfolio Heralds Record Pricing Result

Located at 506-518 Gardeners Road, Alexandria, the Aurecon data centre will occupy a 25,780sq m site to be delivered in two stages pending approval.
Aurecon Data Centre 03

The commercial growth of south Sydney has been further illustrated by a previous development application made by engineering and infrastructure advisory company Aurecon, who proposed this year to create a $91 million data centre on a 25,780sq m site at 506-518 Gardeners Road, Alexandria.

It has been a notable trend throughout Sydney and New South Wales, where developers opt for old industrial sites for their size and land value as areas undergo major changes in use.

Related reading: Goodman Group Looks to Invests in Robotics Following $776 million FY Profit

All of the sites directly surrounding the 37-39 Hill Road City Freeholds site have been converted from industrial use to residential and commercial, earmarking a demand for a growing population in the Wentworth Point area.
City Freeholds

Property group City Freeholds submitted an application earlier this year to transform an active industrial site into a masterplanned residential community, taking an area which holds four large freight warehouses and constructing a number of residential apartment buildings.

The first of which is expected to be an eight storey building featuring 207 apartments.

Last year private construction group Built submitted a development application for a commercial office building with ground floor retail and function premises, on what was once a site that housed warehouse buildings.

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