As seen in the AFR, Barings, one of the world’s largest diversified real estate investment managers, and Rest, one of Australia’s largest profit-to-member superannuation funds, will hold a ‘sod turn’ ceremony today, to mark the official start of works on their planned A$ 400 million world-class logistics and industrial estate at Mamre Road in Kemps Creek, in Sydney’s fast-growing south-west industrial corridor.

Access Logistics Park, the prime 20-hectare industrial site was jointly-purchased in April this year by Barings and its partner Rest, which has around 2 million members, representing around 1 in 7 working Australians.

Strategically located within the Greater Mamre Road Precinct and the Western Sydney Employment Area (WSEA), it will be developed into a sustainable logistics and industrial estate comprising 6 buildings, across a Gross Lettable Area (GLA) of 90,000sqm. The total on-completion-value of the asset is anticipated to be A$400 million.

Stephen O’Connor, Project Director at Barings said the recently approved master-planned estate at 884-926 Mamre Road represents the next generation of industrial development, which will bring together operational efficiency, innovative building design and market leading sustainability initiatives, catering for the changing needs of industrial occupiers.

Read the press release here. 

Read the full article here. 

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With special thanks to all attendees, including:

• Hon. Chris Minns, Premier of NSW
• Hon. Prue Carr, Deputy Premier of NSW and Minister for Western Sydney
• Hon. John Graham, Minister for Roads & Minister for Jobs
• Nathan Hagarty, Member for Leppington
• Todd Carney, Mayor of Penrith
• Vicki Doyle, CEO of Rest
• Stephen O’Connor, Development Director of Barings