The NSW government has approved the rezoning of a new industrial precinct to be part of Sydney's emerging “third city” of Badgerys Creek.
The Mamre Road precinct, located in one of 10 key precincts of the emerging Western Sydney Aerotropolis, has now been fast-tracked and rezoned in a bid to bolster employment.
The 850-hectare precinct was one of 24 projects included in the second tranche of “shovel-ready” projects identified by the NSW government to support the state’s economic rebound post-Covid.
Listed developer Mirvac will now press ahead with plans for a 56 hectare industrial estate located within the Mamre Road Precinct set to be known as Aspect Industrial.
The planned industrial estate will sit at the heart of a new employment hub for Western Sydney with direct transport links and close proximity to the new $5.3 billion Western Sydney International Airport at Badgerys Creek.
Mirvac's industrial estate will also set high sustainability standards targeting a 5 Star Green Star rating as well as net positive in carbon emissions with the use of rooftop solar systems, translucent roof sheeting, LED lighting, rainwater harvesting and smart metering.
Mirvac chief executive Susan Lloyd-Hurwitz said the rapid growth in ecommerce and coronavirus crisis had continued to support demand for well located, premium warehouse facilities across Sydney.
Mirvac is not the only top-tier developer making a strategic move into the future 11,200-hectare Aerotropolis.
Frasers Property Industrial also has significant land holdings at the Mamre Road precinct.
“Demand continues to grow with more floorspace needed to support the traditional drivers of a global city as well as new drivers emerging due to the current economic environment,” Frasers Property Industrial general manager - northern region Ian Barter said.
Groups like Boyuan and Scentre are working on a 344-hectare masterplanned health, retail and logistics projects within the “Northern Gateway development”.
Late last year, six of the city's new precincts were rezoned after being identified by the government as offering the greatest growth potential.
The first precinct, the 1,055-hectare Aerotropolis Core, is set to deliver 60,000 jobs and 8,000 homes when fully-developed, while the 1,120-hectare Northern Gateway will deliver 22,500-plus jobs and 3,400 homes.
Once complete, the Aerotropolis is projected to provide up to 200,000 jobs by attracting new and emerging industries.
The metro line is expected to be complete and operational when the under-construction Western Sydney Airport is inaugurated in 2026.
Editor's note: The NSW government approved 850 hectare precinct will see 56 hectares developed by Mirvac with other property owners including Frasers Property Industrial also developing at the Mamre Road precinct.