ESR buys into Badgerys Creek
ESR Australia has forged into the burgeoning Badgerys Creek industrial market, snaring a 17 hectare site for $70 million.
On Martin Road, the Priority 1 zoned farm is expected to make way for four warehouses, potentially able to yield c80,000 square metres of product.
The land is about three kilometres from the Western Sydney Airport, due to open in 2025/2026.
Local land values have been booming in anticipation – with a Badgerys Creek Road parcel opposite Sydney’s proposed “third CBD”, Bradbury, setting a street record, and another, on Lawson Rd, breaking a watermark for unserviced land.
In July, we reported a land banker reaped $10.23m – seven times their 2016 outlay – for a 5.6ha parcel at 140 Martin Rd.
Colliers’ Harry Bui brokered the ESR deal on behalf of a Vietnam based investor.
The agency late last year listed an 80.1ha WSA gateway site at Luddenham, with c$70m price hopes (story continues below).
ESR expands in Sydney’s west
Aware Super, Frasers Property Industrial, Goodman and Stockland are amongst the major landowners in the suburb, Kemps Creek and Luddenham.
Last March, DHL secured a 24ha property to occupy opposite the Wester Sydney Aerotropolis, outlaying over $140m.
ESR controls the Bringelly Business Hub at Leppington, about 12km south east of there.
In June the group outlaid $143m for a 4.3ha site at Banksmeadow, near Sydney Airport, with plans for its first multi-level industrial investment.
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