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Frasers Property and Altis Real estate to develop 118 hectares

Frasers Property Industrial and Altis Real Estate Trust have partnered to develop 118 hectares of industrial land in Western Sydney’s Mamre Road Precinct, Kemps Creek.

Frasers Property Industrial and Altis Real Estate Trust have partnered to develop 118 hectares of industrial land in Western Sydney’s Mamre Road Precinct, Kemps Creek.

The precinct was rezoned for employment use in June 2020. When fully developed, it will deliver around 850 hectares of industrial land and is anticipated to create approximately 5200 construction jobs and accommodate in excess of 17,000 full time positions.

Located on the corner of Mamre Road, the future Southern Link Road and opposite the impending Western Sydney Intermodal Terminal, the new estate will accommodate up to 400,000 square metres of sustainable logistical and industrial facilities with an expected end value of $1 billion when completed.

Frasers Property Industrial General Manager Northern Region Ian Barter said the Frasers and Altis identified Mamre Road Precinct a number of years ago as the next frontier for industrial development in Sydney.

“Its strategic location between the traditional industrial areas of Eastern Creek and Erskine Park and the emerging Western Sydney International Airport precinct made it an ideal region to expand in,” he said.

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“The critical nature of the industrial and logistics sector has been highlighted during the COVID 19 period. Logistics precincts have become the heartbeat of our cities. This site alone will provide welcome supply for the market and help satisfy the significant pent-up demand from a number of organisations who have been looking to expand their presence in Western Sydney, but have been hampered by the lack of large greenfield opportunities available.”

“The industrial sector continues to go from strength to strength and this development will provide a huge boost to economic activity within the region and serve as a critical employment hub for Western Sydney. Over 1150 construction jobs will be created and more than 2000 operational jobs when completed.”

Altis Real Estate Trust Principal and Co-Founder Shaun Hannah said the acquisition will build on the recent success of our neighbouring First Estate development and highlights Aware Super’s commitment to the area.

“We see enormous potential in Western Sydney and are looking to set a benchmark for industrial estates in the country from building design, functionality and sustainability to the environment created for staff and the wider community,” he said.

“A focus will be placed on providing generous open space and amenity areas within the development as well as enabling a strong connection to the South Creek Precinct, the green spine of the Parkland City. This will be a new type of industrial development that not only addresses the commercial and functional requirements of customers but also blends this with the wider vision for the area and future industrial facilities.”

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