Multinational manufacturer Techtronic Industries (TTI) has committed to a $188 million distribution facility at a new industrial precinct, The YARDS, in Kemps Creek, Western Sydney.
Transformation consultancy group TMX secured the 10-year lease term for TTI after undertaking an operational review of TTI’s existing operations, designing the future facility, and procuring the property solution and internal fit out. TMX will now manage the delivery of the new purpose-built solution through to operations.
“Our supply chain team undertook a comprehensive review of TTI’s operations to establish a robust business case and designed a flexible supply chain solution that supported TTI’s future growth while optimising their current business performance,” says Jack Moroney, Director of TMX. “We were able to go to market with certainty that all of TTI’s bespoke needs were included within the base building definition. This will ensure TTI can adapt their new warehouse to meet any changes their business is faced with.”
The YARDS is a new $1 billion industrial precinct under development by Frasers Property Industrial, Aware Super and Altis Property Partners.
TTI’s deal at The YARDS is the first major pre-commitment in the wider Mamre Road Precinct, an 850-hectare of land recently fast-tracked for industrial development by the NSW Government.
TTI is a global manufacturer of power tools, accessories, hand tools, outdoor power equipment and floor care products, with worldwide brands such as Milwaukee, Ryobi, AEG and Hoover. The company will consolidate its two existing facilities in NSW into a 73,920 sqm distribution centre at the strategically located industrial precinct.
“We are continuing to expand rapidly and need a new facility to support our future growth. By consolidating our existing sites into this new state-of-the-art distribution centre, we will be able to meet our future needs, while optimising our supply chain to the benefit of our retail partners and End Users of our products,” Grant Edhouse, Chief Financial Officer and Chief Operating Officer for TTI Australia & New Zealand says.
Ian Barter, General Manager Northern Region at Frasers Property Industrial comments: “This is the third facility that TTI has transacted with Frasers Property Industrial to date and we’re looking forward to continuing the relationship and seeing their business grow at their new distribution facility.”
“The YARDS is a next generation, industrial community where sustainability, wellbeing and technology are at the heart of the premium estate,” Ian says. “This is vital when it comes to supporting the future growth of our customers, like TTI, and helping them drive further operational efficiencies.”
TTI’s site at The YARDS is expected to be operational in July 2022. Construction of the precinct recently commenced in April 2021.
The YARDS will accommodate approximately 400,000 sqm of next-generation sustainable warehouse and logistics facilities, in addition to onsite amenity for workers and the community.
“The commitment of TTI within the recently approved YARDS project will provide substantial local jobs for the community and will showcase the next level of sustainable industrial development, matching six-star green star initiatives with unprecedented tenant amenity,” says Altis Director Shaun Hannah.