Qube will develop 37,860 square metres of warehousing, offices and facilities which will be among the first purpose-built operations within the precinct.
Target, which will have a 10-year lease on the facility, is expected to take up occupation early in 2019
The company has also agreed to a new five-year logistics services contract with Qube covering freight from Port Botany to Moorebank.
“Securing Target is testament to the quality product that is Moorebank Logistics Park,” said William Hara, Qube strategic assets director.
Qube is developing, managing and will run the precinct on 243 hectares under a 99-year lease and is expected to include up to 850,000 square metres of integrated warehousing when fully developed.
The site has a direct rail link to Port Botany and the interstate rail freight network which, along with its proximity to major motorways, make it ideal for an intermodal facility, the company said.
Qube managing director, Maurice James, said the precinct would transform Sydney’s freight and logistics supply chain.
“The Moorebank development is certainly a once-in-a-lifetime opportunity linking one of the nation’s busiest ports by rail to an inland facility with the sheer scale and location benefits of the Moorebank site is a game-changer.”
Moorebank was identified as a priority location for a freight terminal in 2004 and in October 2016, was included on Infrastructure Australia’s priority list for national infrastructure projects.
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