This article is from the Australian Property Journal archive
MAJOR global supply chain services provider Mainfreight have signed on to deliver and lease a new warehouse facility at LOGOS’ Moorebank Logistics Park (MLP).
LOGOS and its consortium partners announced the commitment, which will see Mainfreight develop a 55,800sqm cross-dock warehouse facility at the central Sydney precinct for an initial 15-year term.
“In Mainfreight we’ve found a likeminded partner that shares our commitment to supply chain stability, site design and operational efficiencies, and leading sustainable practices and outcomes,” said Darren Seale, head of Australia and New Zealand at LOGOS.
“This partnership will enable Mainfreight to leverage the unique value provided by MLP, including its connectivity to key freight corridors and import-export trade routes to support their global network of supply chain logistics solutions.”
The new facility will be placed in the south east corner of the MLP estate and its design will target a minimum of a 5 Star Green Star Design and As Built rating, as well as incorporating various sustainability initiatives.
Such initiatives will include rainwater harvesting to drinkable standards, recycling and waste management systems, in addition to the generation of an approximately 6 million kWh of electricity each year from a 4,530kWp solar system.
“We have the unique opportunity at MLP to significantly reduce freight vehicle movements across Sydney and the broader interstate road network by reducing the number of trucks on the roads and increasing reliance on sea freight,” said Seale.
“Once MLP is fully developed, this will translate to the reduction of greenhouse gas emissions by up to 110,000 tonnes of CO2 per year – the equivalent of taking more than 25,000 cars off the roads every year.”
LOGOS and its consortium partners, AustralianSuper, AXA IM Alts, Ivanhoé Cambridge and TCorp, first acquired the site for the estate in December 2021, for $1.67 billion.
“LOGOS is also speculatively developing a warehouse adjacent to the Mainfreight commitment, providing an additional 56,100sqm of industrial space to the market, and taking advantage of the strong supply-demand fundamentals,” said Rob Stendrup, head of Moorebank.
Mainfreight is set to join other tenants at MLP including Woolworths, Qube Logistics, and Caesarstone, and is the first new commitment since the site was acquired.
“This longer-term commitment from a global market-leader like Mainfreight reflects the ongoing and rising demand for high-quality warehouse space and logistics facilities, as supply chain operators look to diversify their bases in response to distribution challenges and structural trends accelerated by the COVID-19 pandemic,” added Seale.
Construction of the new Mainfreight facility has now commenced and completion is scheduled for Q2 2023. While LOGOS’ speculative warehouse is being built concurrently and will be available to lease from June 2023.
“The connectivity, efficiency and intermodal capability provided by MLP is unmatched and we look forward to benefiting from the significant cost-advantages associated with improvements to supply chain predictability and rail-to-port connectivity,” concluded Martin Wierzbicki, property manager at Mainfreight.
