Sandhurst Retail and Logistics (SRL) is expanding beyond growth-area retail into industrial property, recently acquiring a 100ha industrial park in Melbourne’s Epping.
The commercial development and investment business, established in 2019, now controls a development pipeline worth $800 million.
It is actively targeting prospective new growth areas in Victoria and Queensland to deliver retail, quick-service restaurant or industrial development.
In this TUD+ Briefing, SRL managing director Vivek Subramanian discusses the business' broader strategy used for identifying and selecting growth corridors for new retail and logistics projects as well as the long-term strategy for its existing assets.
SRL managing director Vivek Subramanian told The Urban Developer that expansion into industrial and logistics was always of interest pre-Covid-19 to the company which initially focused on greenfield retail developments.
“We were just waiting for the right time,” Subramanian said.
“From very early on we knew that we wanted logistics to be part of our growth strategy alongside our retail assets, both that are in high demand for new growth areas and they fit quite nicely together.
“We have more of an appreciation for design and sophistication in our projects and our team challenges the often uniform nature of retail and logistics development.”
The first stage of the new logistics park in Epping will comprise lots and built-form packages including pre-leases and turnkey buildings, ranging from 10,000 to 75,000 square metres.
The estate, which is targeting a 5-Star Green Star rating, will offer B-double truck access, and connectivity to the Hume Freeway via the soon-to-be complete O’Hern’s Road interchange.
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