The first sod has been turned on a billion-dollar industrial and logistics community joint venture at Kemps Creek in Western Sydney, called the YARDS.
Frasers Property Industrial, Aware Super and Altis Property Partners marked the start of construction at the site, which is located on the corner of Mamre Road and the future Southern Link Road in the Western Sydney Aerotropolis.
The new precinct has an end value of $1 billion and aims to become a benchmark in Australian industrial development. It is one of Australia’s first industrial communities and one of Sydney’s largest industrial developments, spanning 70 hectares.
The YARDS will accommodate approximately 400,000 square metres of sustainable warehouse and logistics facilities, with a focus on creating a vibrant and healthy work environment for customers and their employees. The precinct also aims to deliver important social infrastructure to the area including retail amenity, public sporting fields and food and beverage offerings.
Frasers Property Industrial CEO Reini Otter said the YARDS will be a critical piece of new infrastructure for Western Sydney.
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“Showcasing a premium industrial estate design, it will play a vital role in fulfilling both the growing demand for warehousing and logistics space in the region and consumer demand, which we’ve seen accelerate further since the start of the global COVID-19 pandemic,” Otter said.
“We’re proud to be partnering with Aware Super to create the first Australian industrial community where sustainability, wellbeing and technology are at the heart of the precinct, while also contributing to the region’s economic growth and job creation during a crucial time.
“Next generation industrial projects such as The YARDS are integral for businesses to continue to attract and retain top talent, drive further efficiencies and innovate for the future.”
The development will include onsite solar power generation, a rainwater capture and reuse system and a significant planting scheme with local and native flora. All facilities are targeting a Green Building Council of Australia 6-Star Green Star rating.
In total, The YARDS is expected to generate over 3,500 jobs during construction and after completion.
Jobs, Tourism and Western Sydney Minister Stuart Ayres said the industrial and logistics community is an important investment in the future of Western Sydney.
“It will create thousands of jobs, provide critical new social infrastructure for the area and ultimately lead the region to being a key distribution hub for New South Wales,” Ayres said.