Data centre operator spends $150m for Sydney site
Development giant Robert Jones has sold down another piece of a 344 hectare Badgerys Creek site it bought from the Medich family for $500 million in mid-2021.
The 17ha parcel is trading for $150m to CDC which is planning a data centre.
The deal comes 14 months since Robert Jones banked $140m selling a 24ha portion to logistics giant DHL, which is intending to replace it with four distribution centres.
Both parcels form part of a business park Roberts Jones has branded Burra Park.
Burra Park
Near the Western Sydney International Airport, which is under construction, Burra Park will contain warehouses and offices across 280ha.
The CDC site will accommodate the group’s second facility in western Sydney; it also operates from Eastern Creek (story continues below).
“Roberts Jones has taken the opportunity to capitalise on the strong, ongoing market demand for high quality land assets in and around the Aerotropolis and divest a portion of our Burra Park site,” Robert Jones director Jonathan Pan, said.
“We believe CDC’s core business aligns with our plans for Burra Park, as a world class high-tech enterprise, logistics and mixed use employment precinct in the heart of the Aerotropolis,” he added.
CBRE’s Cam Grier and Jason Edge were the agents.
Their deal comes six months since the former Blue Hills dairy covering 80.1ha at nearby Luddenham hit the market as an industrial development site with c$70m price hopes.
Colliers’ Thomas Mosca and Nick Estephen are marketing that property.
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