Skip Ribbon Commands
Skip to main content

News release

Sydney

Despite perceptions, there is a limited availability of large industrial development sites available in outer-Western Sydney: JLL

105-113 Hollinsworth Road, Marsden Park is announced to the market


​​SYDNEY, 8 February 2014 – A new industrial development site at 105-113 Hollinsworth Road in Marsden Park is announced to the market. 

The property comprises 20.97 hectares of industrial-zoned land which will suit listed REIT’s, private developers, as well as owner-occupiers – particularly those in the logistics sector.

Jones Lang LaSalle’s Director in Charge, Parramatta John Macree and NSW Head of Industrial Michael Wall are managing the sale. 

Mr Macree said that with industrial land in Western Sydney already tightly held by the major property trusts, this offering represents a compelling and rare development opportunity. 

“Following Mirvac’s $55 million acquisition of the 21 hectare Quarantine station at Eastern Creek, the other major listed trusts are expected to bid for the Marsden Park site to “feed” their development pipeline to facilitate growth of the funds,” said Mr Macree.

“While there remains a significant capacity of longer-term industrial development land in Western Sydney, a large proportion of this land is either not serviced, is currently unavailable for development, or is tightly held by development groups that are more interested in building facilities for pre-lease.

“Owner-occupiers looking to acquire land sites of more than three hectares to develop a purpose-built facility currently have limited options,” said Mr Macree.

According to Mr Macree, there is in fact a current shortage of suitable development sites available for owner-occupier development in the short term, despite the significant capacity of longer-term industrial development land in Western Sydney.

“In fact, there is a current shortage of suitable development sites available for owner-occupier development in the short term. Provision of infrastructure and services in new growth areas is likely to act as a constraint on land availability over the next 12 to 18 months,” said Mr Macree.

According to Mr Wall, this changing dynamic in the Western Sydney industrial land market is likely to be supportive of the acceleration of the development of Marsden Park in outer-Western Sydney as an industrial warehouse and distribution centre precinct for large users – particularly owner-occupiers.

“Marsden Park is an emerging commercial growth centre, supported by access to the Sydney Orbital and the rapidly expanding North West residential growth corridor. New rail transport infrastructure will cement the importance of Marsden Park as an employment destination, particularly for those industries that operate in the logistics sector. 

“Major corporate retailers, including Bunnings Warehouse, IKEA, Costco and Masters Home Improvement have been quick to recognise the immediate opportunity, and have committed to secure a footprint for their businesses. Industrial occupiers will recognise the synergies from co-locating in such close proximity to these major brands,” said Mr Wall.

The Marsden Park industrial precinct is located 1.5 kilometres from The Richmond Road interchange to the M7 Motorway (Sydney Orbital). Industrial operators will be able to bring goods from port Botany directly to Marsden Park in similar time and distance as Erskine Park. The area also lies within the NSW Government’s designated North West Growth Centre, which will accommodate future development of an additional 70,000 dwellings and additional population of 200,000. 

The Marsden Park industrial precinct sits within an identified growth corridor of NSW and is subject to accelerated planning and development.

105-113 Hollinsworth Road is for sale by Expression of Interest, closing Thursday, 13 March 2014.