Frasers Property Industrial, Aware Super and Altis Property Partners have marked the start of construction of ‘The YARDS’, their major industrial and logistics community joint venture, at Kemps Creek in Western Sydney.
The new precinct, which has an end value of $1 billion, will be a benchmark in Australian industrial development and cements the region as a key distribution hub in New South Wales.
Strategically located on the corner of Mamre Road and the future Southern Link Road in the Western Sydney Aerotropolis, this premium development is Australia’s first industrial community. It is also one of Sydney’s largest industrial developments, spanning 70 hectares.
The YARDS will accommodate approximately 400,000 square metres of next-generation sustainable warehouse and logistics facilities, with a focus on creating a vibrant and healthy work environment for customers and their employees.
The precinct will also deliver important social infrastructure to the area including retail amenity, public sporting fields and food and beverage offerings.
Market-leading sustainability measures will feature in the industrial community, including on-site solar power generation, a rainwater capture and reuse system and a significant planting scheme with local and native flora, with all facilities targeting a Green Building Council of Australia 6-Star Green Star rating.
The development will provide a significant boost to the Western Sydney economy and become a key employment hub for the region. In total, The YARDS is expected to generate over 3,500 jobs during construction and after completion, helping to fulfil the NSW Government’s objectives for growth in the region and the creation of the 30-minute city.
According to Frasers Property Industrial, the precinct has already attracted significant commercial interest from major tech, light manufacturing, warehousing and logistics companies. Practical completion of Stage 1 of The YARDS is scheduled for early 2022.
Yesterday Frasers Property Industrial CEO Reini Otter and Aware Super CIO Damian Graham were joined by NSW Minister for Jobs, Tourism and Western Sydney, the Hon. Stuart Ayres, Member for Mulgoa Tanya Davies and Mayor of Penrith, Cr Karen McKeown OAM, at a ‘turning of the Sod’ ceremony on-site.
At the event, Minister for Jobs, Tourism and Western Sydney, the Hon Stuart Ayres, said the industrial and logistics community is an important investment in the future of Western Sydney.
“It will create thousands of jobs, provide critical new social infrastructure for the area and ultimately lead the region to being a key distribution hub for New South Wales,” he said.
Frasers Property Industrial CEO, Reini Otter, commented that The YARDS will be a critical piece of new infrastructure for Western Sydney.
“Showcasing a premium industrial estate design, it will play a vital role in fulfilling both the growing demand for warehousing and logistics space in the region and consumer demand, which we’ve seen accelerate further since the start of the global COVID-19 pandemic,” Mr Otter said.
He said sustainability, wellbeing and technology are at the heart of the precinct, and will contribute to the region’s economic growth and job creation during a crucial time.
“Next-generation industrial projects such as The YARDS are integral for businesses to continue to attract and retain top talent, drive further efficiencies and innovate for the future,” he added.