DHL is paying fund manager Roberts Jones over $140 million for a 24 hectare industrial development site abutting the Western Sydney International (Nancy Bird Walton) Airport, which is under construction.
The logistics giant intends to construct and occupy four uber-green, high-tech distribution centres on the Badgerys Creek parcel, part of an 11,200ha zone known as the Western Sydney Aerotropolis, marketed as an industry and innovation hub.
The estate should contain over 130,000 square metres, a company spokesman said.
The land forms part of a 344ha tract Roberts Jones acquired for c$500m last March from the Medich family.
Four months ago, Roberts Jones sold an 80ha residential development site at Cobbitty, 10 kilometres south of WSI, for an as yet undisclosed price to Mirvac, which is intending about 950 dwellings.
Roberts Jones paid McIntosh Bros $232m for that parcel in 2018 (story continues below).
DHL buys, rents
The WSA acquisition comes a month since DHL pre-committed to a 36,000 sqm temperature-controlled logistics hub at ESR’s Bringelly Road Business Hub at Leppington, about 12kms south east of the WSI.
In 2020, the occupier leased a 100,000 sqm warehouse – at the time, Australia’s biggest distribution centre – at Melbourne’s north Mickleham, for an initial 10 years from Fife Capital.
On 28ha, that landmark complex, less than 20km from Melbourne Airport, was designed by German retailer Kaufland which sold mid-construction after making the surprise decision not to trade here despite amassing a national property portfolio.
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