Mainfreight pre-commits to $4b Moorebank estate

Two warehouses will be developed at the south east corner of Moorebank Logistics Park.

Mainfreight has pre-committed to a major warehouse at LOGOS’ Moorebank Logistics Park.

The 55,800 square metre facility, earmarked for a plot at the south east corner of the estate, is due for completion in mid-2023.

The initial lease term is 15 years.

It is the first new tenant commitment since LOGOS paid $1.67 billion for the asset and development site with an intermodal facility in February, 2021.

Five months later, the landlord called in investment partners AustralianSuper, AXA IM Alts, Ivanhoé Cambridge and TCorp.

“In Mainfreight we’ve found a like-minded partner that shares our commitment to supply chain stability, site design and operational efficiencies and leading sustainable practices and outcomes,” LOGOS head of Australia and New Zealand, Darren Searle, said.

“This partnership will enable Mainfreight to leverage the unique value provided by MLP, including its connectivity to key freight corridors and import-export trade routes to support their global network of supply chain logistics solutions,” he added.

“This longer-term commitment from a global market-leader like Mainfreight reflects the ongoing and rising demand for high quality warehouse space and logistics facilities, as supply chain operators look to diversify their bases in response to distribution challenges and structural trends accelerated by the COVID pandemic,” according to the executive.

“We have the unique opportunity at MLP to significantly reduce freight vehicle movements across Sydney and the broader interstate road network by reducing the number of trucks on the roads and increasing reliance on sea freight.

“Once MLP is fully developed, this will translate to the reduction of greenhouse gas emissions by up to 110,000 tonnes of CO2 per year – the equivalent of taking more than 25,000 cars off the road every year” (story continues below).

Cost advantages: Mainfreight

Caesarstone and Woolworths are also MLP occupiers.

Qube Logistics is another; it sold MLP to LOGOS last year but retained associated rail infrastructure.

“We’re pleased to be partnering with LOGOS and its partners to develop this purpose-built facility at Sydney’s pre-eminent logistics site,” Mainfreight property manager, Martin Wierzbicki, said. “We look forward to benefit from the significant cost-advantages associated with improvements to supply chain predictability and rail-to-port connectivity”.

LOGOS specs massive shed

Also today, LOGOS announced it was speculatively developing a 56,000 sqm facility next door to the Mainfreight warehouse, which can be split into multiple tenancies.

Upon completion, the 243 hectare MLP is expected to accommodate c850,000 sqm of lettable area.

Product end value is estimated will exceed $4b.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of