ISPT and Aliro have pre-committed Bunzl Australasia to the proposed $200 million Elevation at Greystanes estate, at Pemulwuy, 30 kilometres west of Sydney.
The tenant will relocate from Enfield – about 20km closer to town.
Its new 23,442 square metre distribution centre should be operational in April.
TMX Global’s Andrew Maher represented the occupier while JLL’s Peter Blade and Greg Pike are acting for the landlord.
Elevation at Greystanes
Bunzl, which sells products for the food processing, healthcare, hospitality and packaging sectors, is the first tenant to commit to Elevation at Greystanes.
The 18.7 hectare estate at 44 Clunies Ross Road will contain 94,000 sqm in seven buildings.
ISPT acquired the land making way for the business park in stages – in 2018, 2019 and last year.
Aliro is a fund manager set up in 2017 by Charter Hall.
Mr Maher said Bunzl’s Enfield facility, which it has occupied for nine years, was constrained and no longer suitable from an operational perspective.
“Not only did Bunzl require additional warehouse footprint to accommodate growth but wanted to stage more product and improve their outbound dispatch function,” according to the executive (story continues below).
The new warehouse, with a seven year design life, features a 38 metre wide, 3620 sqm awning.
“Elevation…was selected for several reasons including proximity to both Buzl customers and existing employees so as to minimize disruption to the business,” Mr Maher added, saying the address is near Sydney’s geographic and demographic centre.
First uber-green warehouse for ISPT
The industrial estate is one of nine ISPT is behind.
The Bunzl facility will be its first logistics and warehouse facility aiming to achieve 6-star Green Star Design and As Built certification.
“This rating reinforces our commitment to Environmental, Social and Governance excellence, where the sustainability features will provide positive social and environmental outcomes, as well as significant operational cost savings for our customer,” the landlord’s general manager of Logistics & Warehousing, Ben Keen, said.
“The…warehouse will integrate a 300kW solar system, LED light fittings, solar hot water, rainwater harvesting and smart electricity and water metering,” he added.
“The rating will support ISPT’s commitment for the base building operations of our 100 per cent owned and operated properties to be carbon neutral, following ISPT’s recent 100 per cent carbon neutral certification, and reflects an important shift in the way property is being designed and delivered.
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