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Lendlease’s plans for a multi-level warehouse at Smithfield are under the microscope.
The developer plans to deliver just under 100,000sq m at 15-21 Britton Street in the Smithfield Industrial Estate, about 30kms west of the Sydney GPO, as part of its industrial Australian Prime Property Fund.
It acquired the site in the “core logistics area in Sydney’s Central West” for $47.05 million in 2023, having already bought the adjacent site at 28-54 Percival Road.
Back then, Lendlease announced its plans to build a logistics facility of up to three storeys on the site, and is now applying via the NSW Government’s State Significant Development pathway, where it has been on exhibition.
The project has an estimated development cost of $440 million.
It will comprise three multi-level warehouse buildings across the two allotments, including two two-storey warehouse buildings of 12 units each and a three-storey building of nine warehouse units, an office and a cafe.
There will be shared outdoor amenity areas, and a connected hardstand on ground floor and level 1 for inter-site connectivity.
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With 482 carparking spaces, the project will have a total gross floor area of 96,568sq m, according to the planning reports from Willowtree Planning.
Of that, 88,976sq m is allocated to warehouse, with 7036sq m of office, 71sq m of cafe, 220sq m of end-of-trip facilities and 265sq m of shared amenities.
Once complete, it will provide space for 1025 employees at the site, which is close to the Cumberland Highway with direct access to Percival Road, as well as public transport options including the Liverpool-Parramatta Transitway.
The industrial sector has been one of the bright spots in a post-pandemic landscape, and although forecast to falter, has remained steady as an asset class.
Around one-quarter of the total new floorspace to be delivered this year was completed in the third quarter of 2024, according to CBRE, and gross take up totalled 583,200sq m of which 35 per cent was in Sydney.
