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DEALS DONE WITH LOGISTICS PARK Featured
23 July 2019 Posted by 

DEALS DONE WITH LOGISTICS PARK

Big guns to Stockland's Ingleburn site  
RED DWYER
A WESTERN Australian construction company and a German refrigeration and air conditioning manufacturer have struck deals with Stockland’s Ingleburn Logistics Park.
BGC (Australia) Pty Ltd, is a Perth-based group of companies with interests including manufacturing building products, mining and civil contracting, heavy road haulage and property ownership and management.
 
The family-owned group is relocating operations to a 10,400-square-metre warehouse facility in stage two of the logistics park.
 
The facility will house the BGC Fibre Cement and Plasterboard business.
 
The Australian arm of Bitzer, the German refrigeration and air-conditioning manufacturer, has leased 5100 square metres at the same facility.
 
Stockland reaffirmed its commitment to south west Sydney with the $150M redevelopment of the 28-hectare Ingleburn Logistics Park in February 2018.
 
At the time Stockland managed a logistics and business parks business valued at $2.3 B making up one quarter of its commercial property portfolio and 15 per cent of the company portfolio.
 
The company recently boosted its logistics portfolio with the purchase of a 13-hectare site at Gregory Hills for $47.13M.
 
Construction is expected to start in 2020, subject to obtaining the necessary development approvals.
 
“The acquisition of this south-western Sydney site allows us to tap into this burgeoning local market and also benefit from the shortage of serviced land available to smaller and medium-sized businesses looking to grow,” said Tony D’Addona, Stockland GM for workplace and logistics.
 
Stockland, which has been divesting itself of retail and residential assets, has a focus on logistics opportunities to capitalise on the growing demand created by e-commerce and faster “last-mile” deliveries demanded by customers.


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