This article is from the Australian Property Journal archive
THE Goodman Group is set to develop a new 300,000 sqm business and industrial precinct in Sydney's west.
The Goodman Group has bought paid $125 million to buy a strategic 56.85 hectare parcel of land at Eastern Creek from the New South Wales State Government.
The site has outstanding accessibility and exposure being bounded by the Great Western Highway, Brabham Drive and the M4 Motorway.
Goodman intends to develop a significant 300,000 sqm business park on this site to continue to service its key clients in the Sydney western industrial area.
Chief executive David van Aanholt said the group has experienced tremendous success in this key industrial area, developing major new facilities for customers including Recall, Laminex, 3M, Linfox, DHL, Coca-Cola, Coles, Toll, Woolworths, Kimberley-Clark, Pickfords, Packcentre, TNT, Hasbro and Stramit.
“The strategic location of this site combined with Goodman’s proven “Own-Develop-Manage” customer service model will ensure the success of this excellent parcel of land and further strengthen Goodman’s position in this market,” he added.
“This purchase demonstrates our confidence and continued commitment to this market, which has already delivered very successful results for the group.
“We currently have a strong level of enquiry for Western Sydney facilities and this land acquisition further complements our nearby land holdings to ensure we can continue to develop this area and satisfy our customer demand in this key market,” van Aanholt said.
Australian Property Journal