This article is from the Australian Property Journal archive
LOGISTICS property specialist LOGOS has acquired a 7.7-hectare site in Erskine Park, one of the last freehold development sites within the premier industrial and logistics precinct.
LOGOS will develop 78 Lockwood Road into a prime, multi-unit logistics estate offering over 40,000sqm of gross lettable area that will be designed to suit the needs of a diverse mix of potential tenants.
The acquisition is LOGOS’ fourth for the Pan Asia Logistics Core+ Venture (PACV), an open-ended flagship private fund launched by ESR Group and LOGOS in late-2022.
The fund targets investing in Asia Pacific prime logistics opportunities, responding to the continued growth of logistics real estate in the region.
“We are pleased to have made this important and exciting acquisition as part of PACV,” said Darren Searle, head of ANZ at LOGOS.
“The demand for top-tier warehouse space and logistics facilities remains extremely high, driven by supply chain operators seeking to broaden their operational footprints and the global expansion of e-commerce.”
The site offers direct transport access to the Sydney CBD and other employment hubs such as the Western Sydney Aerotropolis and was purchased with the majority of servicing, earthworks and infrastructure already complete.
The future estate at the sire will be delivered with sustainability initiatives such as maximising rooftop solar opportunities and targeting a 5 Star Green Star rating, to bring the asset in line with LOGOS’ ESG strategy and net zero target.
“As one of the last freehold development sites available in Erskine Park, 78 Lockwood Road will be a highly sought after facility. As part of the fast-growing Greater Western Sydney region, the site has excellent access to major transport arterial routes serving both Sydney and interstate regions,” added Searle.
“It’s a thriving, established industrial precinct, in the vicinity of major supply chain operators including DHL, Amazon and Coles Group, and reaffirms our commitment to this precinct following the acquisition of our Eastern Creek Logistics Estate acquired in July 2022.”
Just last week, Logos secured the pre-commitment of Signify over a 14,600 sqm warehouse at the industrial giant’s Moorebank Intermodal precinct.
