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News release

Sydney

Record spending announced on key infrastructure projects in NSW continues to be welcomed by the commercial property sector: JLL


SYDNEY, 20 JUNE 2014 – The commitment to record infrastructure spending announced in the NSW Budget this week will continue to be positive for the commercial property sector, according to global commercial property firm JLL.

JLL’s NSW Managing Director and National Head of Industrial Michael Fenton said funding for key projects is expected to provide a boost to the economy and enable infrastructure to keep up with business and population growth. This flow-on effect will have a positive impact on the commercial property sector.

“Infrastructure spending on key projects including the North West Rail Link, WestConnex, NorthConnex, South West Rail Link and the Western Sydney roads package which will provide support to Sydney’s second airport are fundamental to the growth of the commercial property sector.

“Industrial occupiers will benefit from eased congestion and efficient transportation of goods from port to distribution centre, all the way through to customer delivery. 

“The increased confidence brought about by Federal and NSW Government contributions to infrastructure projects is also likely to encourage investors to purchase and develop assets set to benefit from the projects.

“Improved infrastructure will enable cost efficiencies through transportation savings and the better management of deliveries. This will enable owners and occupiers to invest in the location and facilities of their property to ensure the best possible operations for their business structure and customers,” concluded Mr Fenton.