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News release

Sydney

Orica announces for sale one of the most strategic industrial land holdings in the South Sydney market

Port Botany’s recent expansion, access to Sydney airport and solid road and rail infrastructure makes the area a hotspot for industrial development


SYDNEY, 11 September 2013 – Orica has announced the sale of one of the most strategic industrial land holdings in the South Sydney market.

The property, Southlands, is located at McPherson Street in Banksmeadow. It comprises approximately 13 hectares of vacant industrial land, and is situated near the recently privatised Port Botany – key to its appeal.

Port Botany recently underwent a major expansion of its container port facilities to cater for long-term trade growth. The Port Botany Expansion Project has now been completed, and Hutchison Port Holdings are continuing to develop the third terminal, scheduled to be operational by 2014. This capacity boost will enable the Port to meet future trade requirements.

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The sale will be managed on behalf of Orica by Jones Lang LaSalle’s Michael Fenton, National Head of Industrial and Managing Director for NSW, and Sam Brewer, National Director Industrial, Head of South Sydney.

According to Mr Fenton, demand from the road freight industry and third-party logistics providers for warehouse and hardstand around Port Botany is solid.

“Opportunities such as this cannot be replicated. Demand is expected to come from both occupiers and institutions seeking to get a foothold in Australia’s most important industrial market, with its access to Port Botany, Sydney Airport as well as significant road and rail infrastructure,” said Mr Fenton.

Mr Brewer said this is the most eagerly anticipated land sale to hit the South Sydney industrial market in the last 10 years. “We expect keen interest from both developers, as well as national and international owner-occupiers – particularly those from the sea freight industry.

“With its proximity to Port Botany, 24/7 access and B-double access, this is a strategic asset not to be missed. Orica has spent significant resources gaining vital approvals from the NSW Department of Planning and Infrastructure, which were finalised on the 14th  August 2013,” Mr Brewer concluded.