This article is from the Australian Property Journal archive
FRASERS Property Industrial has secured a 10-year lease in western Sydney’s The Horsley Park Estate with Toyota subsidiary Hino Motor Sales Australia, for a new bespoke distribution, training and storage facility.
The tenant is the Australian entity of Hino Motors Ltd, a Japanese manufacturer of commercial vehicles and diesel engines, and has leased a 9,230 sqm warehouse at 2 Johnson Cr in Horsley Park that will include 230 sqm of office and 83 car spaces.
Completion is anticipated in March 2021.
Ian Barter, general manager northern region for Frasers Property Industrial, said western Sydney continues to attract a high calibre of local and international 3PL providers.
Several major infrastructure projects are either underway or about to start in the area to improve connectivity, including the proposed Southern Link Rd that will front The Horsley Park Estate and links directly to the M7 Mwy.
The area is expected to benefit from the state and federal Government’s Western Sydney Infrastructure Plan which includes the Western Sydney International Airport at Badgerys Creek.
Hino is relocating its spare parts distribution and training facility from Taren Point but will leave the head office in its current location. The new warehouse will store a range of products including minor bolts to complete truck cab assemblies.
Nick Greenwell of Colliers brokered the deal on behalf of Hino.
“Centralising the parts distribution business to Horsley Park optimises Hino’s supply chain network, providing better and faster service to their customer base whilst reducing occupancy costs.”
The new facility will include a 5 Star Green Star Design & As Built v1 rating from the Green Building Council of Australia, ESFR sprinkler system, 30kw solar PV system, 34 metre loading area and a 20-metre awning.
About 2.8 hectares remains in The Horsley Park Estate, located within the established industrial areas of Horsley Park and Eastern Creek.
The neighbouring Mamre Rd Precinct in Kemps Creek is due to be rezoned to industrial by the Department of Planning in the first half of this year and will accommodate the majority of future demand in Western Sydney.
Also in the suburb, Hong Kong Stock Exchange-listed ESR paid $142.5 million for a 20.8 hectare site late last year that will have 110,000 sqm of floor space.
Boyuan announced its Northern Gateway masterplanned project next to the future airport in 2018, which would cover 344 hectares and include a new Westfield shopping centre, and health and logistics space. According to Urbis analysis, the project will deliver 55,700 direct jobs and inject $21.6 billion to the western Sydney region’s economy.
