Developer buys another Sydney Metro site
Sydney Metro has sold another surplus development site – this time beside Sydenham station, in the city’s inner-west.
An industrial strata project is planned for Lot 61, 11 Sydenham Road, Marrickville.
Norman Property Partners is the buyer.
Colliers’ Trent Gallagher and Michael Crombie were the agents.
The deal comes four months since realestatesource.com.au reported Sydney Metro banked $87m selling a North Sydney site to student accommodation giant Iglu.
That 3132 square metre site is approved for a mixed-use project with buildings of eight and 24 storeys.
Last year the state government arm banked a speculated $27m shedding a commercial zoned site beside Tallawong station
Strata project planned
The E4 General Industrial-zoned Marrickville site, also exposed to Garden Street, has a floor space ratio of 0.95:1 and no building height control.
It is beside Sydenham station near the Princes Highway, the M5 and M8 motorways, Sydney Airport and Port Botany.
The city is six kilometres away (continues below).
Sydney-based Norman Property Partners is an investment house and developer behind numerous industrial, logistics, self-storage and mixed-use projects across the state, the ACT and Victoria.
Current developments include the Enterprise Industrial Estate at Auburn and Mortdale, with warehouses and self-storage.
Completed projects include a 2.69ha estate at Chullora – a site acquired in 2018 from Charter Hall – and the Homebush Logistics Centre, spanning 2.56ha
They also contain industrial and self-storage.
One down
Lot 61, 11 Sydenham Rd was one of three sites around Sydenham station that Sydney Metro and the state government offered as a portfolio or individually.
The other parcels, Lots 71 and 72, off Sydney Steel Rd, span 2.48 hectares and 2563 square metres respectively.
Also zoned E4 Industrial with no height control, they are also being marketed by Mr Gallagher and Mr Crombie.
Subscribe to our newsletter at the bottom of this page.
