ESR secures padel club to Sydney warehouse
One of the world’s fastest-growing sports has driven an unlikely Sydney industrial lease.
Place of Padel has committed to the final tenancy at ESR Australia’s Wetherill Industry Park for an initial five years.
An indoor stadium complex is planned for 3B, 27 Frank Street, Wetherill Park.
The 5262 square metre space forms part of a building completed speculatively recently.
Hindmarsh Construction was the builder.
The complex forms part of a six-warehouse estate approved in 2023 with 193 on-site car spaces.
CBRE’s Janet Joljian was the leasing agent.
The building was seeking $1.37 million per annum ex outgoings and GST.
Wetherill Park is about 30 kilometres west of Sydney’s CBD.
Earlier this month realestatesource.com.au reported ESR agreed to acquire a portfolio of Melbourne investments from Frasers Property Industrial, outlaying $276.8m (continues below).
Industrial adaption
With a 14.6 metre clearance, warehouse dimensions suit padel – a hybrid of tennis and squash on an enclosed court – while allowing year-round indoor play.
Its popularity has surged since 2023 in Europe, Latin America and the Middle East.
Place of Padel has submitted plans with the Fairfield City Council for 12 courts, player lounges, change rooms, a pro-shop and administration offices – the latter spanning 374 sqm.
The venue would trade daily from 6am to 11pm.
A report in May from JLL’s US office says padel and pickleball operators are increasingly seeking industrial buildings close to major residential catchments, typically requiring large floorplates, generous parking and sufficient clearance to accommodate multiple courts.
The agency added operators are also proving attractive tenants, typically seeking seven to 10-year lease terms to justify substantial fit-out costs and planning approvals.
“Because of the limited supply of suitable premises, we’re finding that indoor recreation tenants are usually prepared to pay a premium for the right space,” according to senior associate, David Brush.
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