Charter Hall secures Woolworths to Eastern Creek
Sixteen months after securing development rights to a prime Eastern Creek site owned by the state government’s Western Sydney Parklands Trust (shaded, image, top) – Charter Hall has snared its first pre-commitment, to Woolworths.
The supermarket giant is planning a two storey distribution centre at the south west corner of the estate known as the Light Horse Industrial Hub – which would offer M7 frontage.
It will cost $373.4 million to build, the occupier estimates, but it will provide efficiencies, especially for its non-ambient products, which can’t be mirrored at its nearby Minchinbury facility.
The warehouse will service New South Wales stores, according to The Australian, which is reporting the pre-commitment.
Completion is scheduled in 2026; the building size is as yet unknown.
Woolworths upgrades to another Charter Hall new-build
Woolworths – one of Australia’s most desirable tenants – has in recent years been upgrading its network of distribution centres, typically via moves to new builds, some also owned by Charter Hall.
Last year it announced plans to close the Minchinbury facility, as well as a Sydney one at Yennora, and Mulgrave, in Melbourne, in favour of a $1.2 billion, 66,600 square metre automated warehouse at Moorebank (story continues below).
That property, set to open in 2025, will streamline about 700 out of what is presently 1350 jobs.
Qube is the landlord.
In Melbourne’s Truganina, Woolworths in 2015 moved to a c38,000 sqm facility at Truganina and another, two years ago, spreading 70,000 sqm and estimated to have cost c$560m, at Lyndhurst.
Charter Hall owns both those assets.
At Eastern Creek, the land is controlled via a 99 year leasehold.
More to come.
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