The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
8
print
Print
IndustrialDinah Lewis BoucherTue 30 Oct 18

Logos Kicks Off Construction at $128 Million Logistics Estate

253e42cb-c57e-4e4f-96e6-7ebe2defeaf5

Logistics heavyweight Logos has officially kicked off construction on its major 20-hectare Marsden Park Facility in north west Sydney.

After 10 months of working with Blacktown Council and the Department of Planning, Logos recently received approval for the development of 107,500sq m of logistics and distribution facilities.

Logos purchased the major site at Marsden Park for $40 million in late 2016.

The $128 million development will comprise seven warehouse buildings constructed across four stages with loading docks, 633 car parking spaces and administration offices.

Online retail and the growth of e-commerce has seen some of the largest industrial leases committed to this year by e-commerce companies, as demand in the logistics real estate market continues its strong run.

Logos secured two pre-commitments for the first stage works, with Australia’s largest third-party logistics provider eStore committing to a five year lease and global produce distributors and packers Valleyfresh committing to a 10 year lease.

Logos will develop a purpose built 6,224sq m facility for Valleyfresh, and a 12,515sq m facility for eStore.

Due to positive tenant feedback two speculative facilities, of 3,563sq m and 11,640sq m, will also be developed as part of the first stage.

Related: Logos Snaps Up Kmart Distribution Centre for $119m

Logos purchased the Marsden Park site for $40 million in 2016.


Planning Minister Anthony Roberts said the Western Sydney area is a major economic and industrial powerhouse.

"The value of industrial building approved in Greater Sydney in 2017 more than doubled to $3.75 billion," he said.

"A lot of that activity was in Western Sydney, including in Marsden Park, where employment lands contribute over 220,000 jobs and generate about $125 billion of output."

Blacktown City Mayor Stephen Bali said the facility played a central part in the region’s industrial development sector.

"Blacktown City is the powerhouse of Western Sydney with a $16.5 billion regional economy supporting 130-thousand jobs. Blacktown City Council will continue to work with Government and industry to ensure we have the necessary infrastructure in place to support that development."

Logos, which has assets and developments across Australia and New Zealand, has a development pipeline of around $2 billion.

IndustrialAustraliado not useSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
Sponsored

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
The deal for Stockland’s assets aligns its focus on industrial markets with embedded reversionary potential, the develop…
LATEST
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
2 Min
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
3 Min
A rendering of the three-storey apartment project Arca by Red & Co at Stafford near Brisbane.
Residential

‘Confident’ Red & Co Starts Work on Stafford Apartments

Marisa Wikramanayake
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/logos-kicks-off-construction-at-128-million-logistics-estate-