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News release

AUSTRALIA

Major Corporate to sell over 20 hectares of industrial land across Sydney and Melbourne

A 5.75 hectare Sydney site will be offered for sale via JLL alongside a 16.7 hectare site in Melbourne. The portfolio will be one of the most significant industrial offerings for early 2017.


​Two major industrial land holdings in Sydney and Melbourne will be offered for sale by JLL in early 2017. Both properties represent some of the last remaining large land parcels in the sought-after South Sydney and Williamstown North industrial precincts. 

The 5.7 hectare Sydney site is located at Coal Pier Road, Banksmeadow. It is located near Port Botany, Botany Bay and Sydney Airport. Major occupiers surrounding this land holding include Kelloggs, Visa Logistics, Toll, TNT and Bidvest. It will be offered for sale by JLL's Australian Head of Industrial, Michael Fenton and Head of South Sydney, Blair Peterken.

The 16.7 hectare Melbourne site is located at 85 Maddox Road, Williamstown North, Victoria. The site is currently vacant and is located west of the Port of Melbourne and the Melbourne CBD.
The properties which are both non-essential to the company's operational requirement will be offered for sale as a portfolio or separately via an Expressions of Interest campaign.

Mr Fenton said, "We expect a number of domestic and international parties to be interested in these properties. Investors remain attracted to industrial development sites due to the lack of stabilised investment opportunities on offer." he said.

Mr Peterken said the South Sydney site was a rare offering and strong interest was expected.  "Not only will this Banksmeadow site be one of the largest land parcels ever offered for sale in South Sydney, it will be one of the last remaining vacant industrial lots left.

Of the Melbourne site, Mr Ellis said,
"The site effectively represents the last substantial infill development opportunity within Melbourne's Inner Western Industrial precinct. We expect it to be keenly contested by development capital originating from both offshore and domestic sources."