NSW planning and public spaces minister Rob Stokes has approved the first stage of a $1 billion-plus Orchard Hills industrial park.
The project will upon completion of its second and final stage cover 118 hectares – several sites which Frasers Property Industrial and Altis Property Partners last year announced they acquired from private owners.
The developers are speculated to have spent upwards of $300 million for the land. Negotiations for some holdings started in 2017.
FPI and Altis are planning a 21-lot subdivision and to build about 400,000 square metres of product – a c$252m direct investment.
The end value of stock earmarked for their parcel, 649-763 Mamre Road, should pass $1 billion, they added.
The government approval yesterday is for eight buildings containing c162,355 sqm of lettable area. The first warehouses are to be delivered this year.
Kemps Creek Warehouse, Logistics and Industrial Facilities Hub
The NSW government named the FPI and Altis project as Kemps Creek Warehouse, Logistics and Industrial Facilities Hub.
It forms part of an 850ha master-planned employment zone.
Orchard Hills is about 56 kilometres west of Sydney (story continues below).
The suburb is about 15km north of the Western Sydney International Airport, construction of which started last year.
The FPI and Altis block abuts the proposed Southern Link Road and Western Sydney Intermodal Terminal.
It also isn’t far from the soon-to-start M12 extension which runs parallel to Elizabeth Drive between the M7 and The Northern Road.
“The approval means we can get shovels in the ground faster,” Mr Stokes said.
“The hub will include major global retailers, e-commerce providers, health and pharmaceutical industries, warehousing and logistics operators, light manufacturing and data centres,” according to a government announcement.
Some 950 jobs could be based at the FPI and Altis business park, it added.
“Western Sydney is establishing itself as a strong industrial and employment growth area,” Member for Mulgoa, Tanya Davies, said.
“The construction of a new warehouse and logistics hub is going to substantially add to this growing reputation and attract more investment that will benefit our…community”.