Hitachi leases west Sydney warehouse
Hitachi has committed to a warehouse under construction in Sydney’s north west Marsden Park.
The diversified Tokyo based giant, with home appliance, power tool and construction machinery divisions, will move into the 5326 square metre facility, 168 Hollinsworth Road, within Marsden Park Developments’ Sydney Business Park, next quarter.
With drive around access, the asset includes recessed loading docks and three on grade roller doors.
Elsewhere in the city, Hitachi occupies properties at Blacktown, Epping and Seven Hills.
“CBRE worked with Hitachi to explore different relocation options across western Sydney,” agent John Micallef said.
“Hitachi was ultimately attracted to the…Sydney Business Park due to its prime location, availability, size and local amenities,” he added.
Moshe Greengarten was the co-agent (story continues below).
The deal comes nine months since Kumho Tyres leased an 11,366 sqm facility within the business park.
Other occupiers in the 10 year old 256 hectare estate include Australian Pharmaceutical Industries – Priceline’s parent – which two years ago rented a 32,506 sqm warehouse on 4.4 hectares, and ASICS Oceania, which committed to a 30,000 sqm building in 2019.
Aldi, Ausred, Axalta, Costco, Dulux, JB Hi Fi, Forty Winks, IKEA, Lindt and The Good Guys are also in the industrial estate, which is scheduled to have a c$3 billion end value upon completion.
It is speculated Hitachi will base its construction machinery business there.
Marsden Park is 50 kilometres from Sydney.
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