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Western Sydney’s first large-scale multistorey warehouse

multistorey

Favco Industrial Park has begun a new era in logistics management amid the South Western Sydney industrial market boom.

Colliers has introduced Western Sydney’s first multistorey industrial opportunity located at 28 Yarrunga Road, Prestons, on behalf of private developer Favelle Favco.

A long-term business in South Western Sydney, Favelle Favco specialises in crane technology for heavy lifting and super high-rise buildings.

Fab Dalfonso, National Director Industrial for Colliers says there’s been a heightened demand for inner city distribution centres and last mile hubs that allow retailers to position inventory much closer to the end consumer.

“We are honoured to present Western Sydney’s first two-level industrial facility, Favco Industrial Park is a state-of-the-art warehouse, logistics and office facility featuring multiple tenancies,” Fab says.

The Favco Industrial Park will deliver world-class logistics facilities with tenancies over two levels ranging from 6,842sqm to 30,592sqm. Standout features include super-high internal clearance, truck access with B-Double compatibility across two levels, and multiple recessed loading docks. The tenancies are available nine to 12 months from signing the lease.

Rino Gazzera, Director Industrial for Colliers says the facility is positioned in one of the most well-located industrial precincts in NSW.

“The area delivers outstanding access to arterial roads, alongside key national infrastructure including Moorebank Intermodal and the under-construction Western Sydney Airport at Badgerys Creek,” Rino says.

Favelle Favco says it saw an opportunity to introduce a new and more efficient way of managing industrial warehousing needs in Australia.

“With Favco Industrial Park, we are adopting the same approach and are steadfast in our commitment to developing this landmark multistorey warehouse.,” Favco says.

“By bringing a sleek new offering to the warehouse model we believe Australia will embrace the efficiencies. The flexible warehouse space takes full advantage of the 30m height limit by cleverly threading a series of ramps, which provide seamless B-Double access to all levels.”

Award-winning architects Bureau SRH, responsible for Favco Industrial Park’s world-class design, believes multi-storey warehouse design is pivotal to any future A-grade industrial development given demand for convenient Sydney-based warehouse solutions continues to soar.

Current warehouse demand is exceeding supply and has pushed South Western Sydney vacancy rates under 4.3 per cent, this combined with land shortages across Sydney, is likely to see multistorey warehousing shape the next phase of industrial property.

For more information on Colliers, click here.

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