This article is from the Australian Property Journal archive
MIRVAC has been given the green light for its circa $700 million Kemps Creek industrial estate in Western Sydney’s Mamre Road precinct.
The 56-hectare Aspect Industrial Estate is set to become Mirvac’s first embodied carbon neutral industrial development, as well as the first approved site under the new planning regime for the Mamre Road precinct.
Mirvac announced the approval of its State Significant Development Application (SSDA) with minister for Western Sydney, Stuart Ayres, MP.
The estate will comprise around 247,000sqm of warehousing and office space, built with an emphasis on flexibility, functionality and sustainability, targeting a minimum 5 Star Green Star rating.
“Aspect will be Mirvac’s first carbon neutral (embodied carbon) industrial development, and will feature leading sustainability features such as rooftop solar systems, translucent roof sheeting, LED lighting, rainwater harvesting and smart metering,” said Campbell Hanan, head of integrated investment portfolio at Mirvac.
The development is expected to become a leading employment hub for Western Sydney, delivering more than 500 jobs throughout the construction phase and 1,200 operational jobs over the course of development.
The facility is currently 63% pre-leased with future tenants currently including CEVA Logistics, Lineage and Winning Group.
“We continue to leverage our asset creation capability to deliver highly functional facilities with superior sustainability features and low operating costs that resonate with the current and future needs of our customers,” said Susan Lloyd-Hurwitz, CEO and Managing director at Mirvac.
The new estate sits within close proximity of the new Western Sydney International Airport, placed within 10 minutes of the M7 Motorway, 20km from Penrith and within an hour’s drive of both the Parramatta and Sydney CBD.
“We are actively advancing our $2.3bn industrial development pipeline which is 100% weighted to prime Sydney locations, set to benefit from committed infrastructure projects like the Western Sydney International (Nancy-Bird Walton) Airport at Badgerys Creek,” said Lloyd-Hurwitz.
“From this strategic location, Aspect will provide access to approximately 4.3 million people within a 60-minute drive, enabling us to cater to growing e-commerce demand together with wide scale supply chain investment as our customers seek to establish more efficient logistics solutions for their businesses, such as automation, supported by world-leading technology.”
Ayres noted that the $2.6 billion Mamre Road Precinct, which is one of 12 key precincts in the Western Sydney Aerotropolis, has unlocked 850-hectares of new industrial land for the tight sector, while also making space for public and conservation areas.
“It will also bring a huge jobs boost to the region, creating opportunities for more than 11,000 jobs during the construction phase alone and 17,000 operational jobs once fully developed,” said Ayres.
This earmarked space amongst industrial land will include 50-hectares of open space, with new cycling and walking paths, in addition to 70-hectares of conservation land including the protection of the Cumberland Plain Woodland.
“We are delighted to be able to contribute critical construction and operational jobs as well as investment to boost the economic development of Western Sydney. We look forward to continuing to work closely with all our stakeholders including our customers and future occupants of Aspect, as well as Council and the wider community to deliver this exciting new precinct for Western Sydney,” said Richard Seddon, general manager of industrial at Mirvac.
Construction at Aspect Industrial Estate in Kemps Creek is set to commence in the coming weeks.
