Eastern Creek is the premier industrial property hub in Western Sydney, sitting on the M4/M7 junction, accessible to millions of Sydneysiders thanks to the road connectivity. Leasing agents for Colliers International are seeing a spike in demand from industrial owners and occupiers seeking to be located in this logistics hub, close to both their customers and their suppliers. MHD speaks with Colliers International industrial property experts Matthew Flynn, Tony Durante and Peter Dale to find out more.
The rise of e-commerce, as discussed extensively in MHD Supply Chain Solutions, is something we’ve witnessed for some time – by Australia Post’s own figures, they are expecting e-commerce to grow from 10 per cent to 12 per cent of total retail spend by 2021.
Benefitting from infrastructure investment
Western Sydney continues to power ahead where major infrastructure projects circling the Western Sydney Airport are driving future warehouse demand in the area. The Australian and NSW Governments have jointly funded a road investment program committing $4.1 billion, which will in turn capitalise on the economic benefits that the new airport will deliver.
More broadly, Colliers Research is currently tracking $77 billion in transport infrastructure projects across Sydney, 79 per cent of which are located in Western Sydney. Overall, the impacts of road, air and rail investment in Western Sydney are expected to drive both tenant and investment demand in the region.
These projects underpin the regions’ future and will cement its status as Sydney’s economic powerhouse.
The latest research: Industrial occupier sentiment survey
A recent survey conducted by Colliers found that industrial occupiers are re-examining their supply chain network: over 85 per cent of respondents said that in order to achieve better efficiencies and respond to the impacts of COVID-19, they have had to re-assessed their supply chain.
Equally, industrial occupiers are looking to the future, with 75 per cent of occupiers expecting their workforce to remain the same or grow over the next 24 months. We also found that when selecting a warehouse, 74 per cent of occupiers see access to key transport infrastructure and functionality as the most important factors.
Colliers insights point to occupiers seeking to realign their supply chain with the present environment and we’re finding occupiers are seeking the right functional space for their business, with 30 per cent planning to move to a larger warehouse within the next year.
Now available for lease: 36 Honeycomb Drive, Eastern Creek
Located in this stretch of premier industrial real estate is 36 Honeycomb Drive, Eastern Creek. Colliers along with CBRE are exclusively appointed to market the property. Available for immediate lease, is a high-quality industrial premises being 15,947sqm of warehouse inclusive of 839sqm of quality office accommodation.
Some notable features are:
- B-double access
- Suitable for 24hr, 7day operations
- 9 on-grade, north facing roller shutter doors
- 3 recessed loading docks with levellers
- Outdoor alfresco area for staff
- Generous awnings for all weather loading
- Huge cubic capacity with internal clearance up to 13.7m
- Large hardstand up to 70m deep
- 2,000amps power supply
- Key logistics location – ideal for eastern seaboard distribution (north & south)
One of the major benefits of the property is the opportunity for expansion – as many businesses are experiencing growth in capacity, the opportunity to take out potential expansion space of 3,800sqm is ideal for businesses on a strong growth trajectory.
“We’re seeing increased demand from industrial occupiers seeking a well-presented property as essential in their search for premises. With many warehouses functioning or potentially functioning with customer-facing elements in mind, excellent presentation is paramount to reflect the occupier’s brand,” Matthew Flynn, Leasing Agent at Colliers International says.
“The site 36 Honeycomb allows occupiers to future plan the growth of their warehouse footprint by an extra 3,800sqm. Avoiding the need to relocate to larger premises is a favourable feature not usually available to occupiers. The extra land can also be utilised as yard for external storage,” Tony Durante, Agent at Colliers International says.
“There has been a shift to sustainable thinking in industrial warehouses, something I’ve witnessed in the market over a long period of time. I recently recorded a podcast talking about the importance of sustainable features, which this building has in spades: excellent natural light, LED lighting and other ESD initiatives – saving $ on output and increasing overall building efficiencies,” Peter Dale, Agent at Colliers International says.
To learn more or to inspect the premises, contact Tony Durante (+61 412 101 100), Matthew Flynn (+61 409 323 690) or Peter Dale (+412 434 738).