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Business demand sparks $75m development

development

The last vacant development site in Lane Cove, NSW, has been earmarked for a multi-storey, $75 million industrial unit and self-storage complex.

The development is the latest undertaking for privately owned Sydney development and civil infrastructure company Hannas.

51 premium self-storage units and 48 industrial units have been proposed for the Arc Lane Cove site at 16 Orion Road.

The announcement comes after a series of landmark industrial, residential and commercial projects for Hanna, including Bluestone Industrial Estate at Greystanes and premium residential development The Harrington Collection at The Rocks.

Danny Hanna, Hannas CEO, says Arch Lane Cove is one of the first multi-storey, architecturally designed estates in this market delivering premium-grade space.

“We have seen a strong demand from businesses and individuals for a greater focus on lifestyle, convenience and amenity when it comes to their workplaces. Arc Lane Cove will deliver a premium work experience not traditionally found in industrial estates through a seamless integration of warehousing, modern offices and storage,” Danny says.

The three-level complex will comprise a total of 11,028 sqm of space over three levels, with units ranging in size from 21 sqm to 347 sqm.

Peter Mangraviti, CBRE Director, says the project sets a new benchmark for business space on the North Shore.

“The creative design, starting with the striking curved glass façade, polished concrete floors and exposed services, provides occupiers with exceptionally appealing commercial space and the high level of functionality expected by today’s industrial occupiers,” Peter says.

The Stage one release of Arc Lane Cove will be available to purchase from July 2021 with completion of the Lane Cove West Business Park project expected in June 2022.

For more information on CBRE Australia, click here.

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