Cumberland Council has granted Mirvac Group development approval for a $269 million project set to create more than 700 construction jobs.
The project is an industrial estate located at 300 Manchester Road in Auburn, New South Wales, that aims to provide flexible warehousing, office space and small-scale local amenities, such as a local café.
The 14-hectare site is expected to attract warehousing and distribution, advanced manufacturing and innovation to the Auburn area, catering to the growing demand in online shopping and the need for last mile delivery locations.
It is located close to the Auburn town centre and is 3.3 kilometres from the Parramatta CBD. Mirvac believes it is well placed to benefit from significant infrastructure investment including the $16.8 billion WestConnex project that aims to improve connections from the Inner West to the CBD through to South Sydney and Port Botany.
Mirvac General Manager, Industrial, Richard Seddon said growing e-commerce trends are driving the need for new logistics hubs with recent research from Nielsen showing a 45 per cent growth in online sales in Australia when compared to the same time last year which is likely to enhance consumer adoption of buying online.
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“At Auburn, our vision is to deliver a precinct that represents a new age for industrial estates. Our plans include bringing leading technology together with unique amenity for future workers and the local community,” Seddon said.
“With more people staying at home, there has been a rapid increase in demand for e-commerce services. To meet future needs we are committed to delivering cutting-edge industrial warehouses and logistics facilities like the one planned for Auburn.
“Against the current climate, Mirvac has adapted its operations and is progressing development plans and construction across its portfolio. Continuing momentum on our developments ensures we are well placed to help support the recovery of Australia’s economy on the other side of COVID-19.”
Mirvac’s redevelopment of the site is a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).