Altis Property Partners, Frasers Property Industrial and Aware Super have started construction of a 400,000 sqm warehouse and logistics facility in Kemps Creek in Western Sydney.
The new precinct, which has an end value of $1 billion, is strategically located on the corner of Mamre Road and the future Southern Link Road in the Western Sydney Aerotropolis and is also one of Sydney’s largest industrial developments, spanning 70 hectares.
The industrial park, known as The YARDS, will accommodate approximately 400,000 square metres of next-generation sustainable warehouse and logistics facilities, with a focus on creating a vibrant and healthy work environment for customers and their employees. The precinct will also deliver important social infrastructure to the area including retail amenity, public sporting fields and food and beverage offerings.
Sustainability measures include onsite solar power generation, a rainwater capture and reuse system and a significant planting scheme with local and native flora, with all facilities targeting a Green Building Council of Australia 6-Star Green Star rating.
The development will provide a significant boost to the Western Sydney economy and become a key employment hub for the region. In total, The YARDS is expected to generate over 3,500 jobs during construction and after completion, helping to fulfil the NSW Government’s objectives for growth in the region and the creation of the 30-minute city.
Practical completion of Stage 1 of The YARDS is scheduled for early 2022.
“Building on the recent success of First Estate, The YARDS will align efficient warehousing with sustainable design and unprecedented levels of worker amenity to create a community where businesses can operate and grow,” Shaun Hannah, Director at Altis Property Partners said.
Over the past decade, Frasers Property Industrial has developed over 300 hectares of prime industrial land in Eastern Creek, Horsley Park and Wetherill Park. Aware Super and Altis’ recent developments in Western Sydney include the neighbouring 50-hectare First Estate and Altitude at Bankstown Airport.
“This major industrial and logistics community is an important investment in the future of Western Sydney and its fantastic to see it start construction. It will create thousands of jobs, provide critical new social infrastructure for the area and ultimately lead the region to being a key distribution hub for New South Wales,” Minister for Jobs, Tourism and Western Sydney, the Hon Stuart Ayres said.