Stockland secures golf course for $3.5b logistics precinct
Stockland will replace a former golf course west of Sydney Airport with a $3.5 billion multi-storey logistics precinct after striking a 50:50 partnership with the land owner, John Boyd Properties.
The 18.3 hectare Kogarah Golf Club site at Arncliffe, recently rezoned for development, is expected to accommodate c340,000 square metres.
The end value of the project is estimated will exceed $3.5 billion.
To coincide with construction, Bayside Council is also planning is a 14ha public space, Pemulwuy Park, connecting the ex-golf club to Cooks River.
The local government will also fund a transport corridor along this tract.
The deal comes six years since Stockland teamed with land owners to deliver a c$2b-plus business park in Melbourne’s west Truganina.
Next chapter for golf club
The Marsh Street, Arncliffe, site closed as a golf club in March after 97 years,
Stockland will replace it in stages from 2027.
Businesses requiring last mile delivery and aviation linked warehousing will be targeted.
“This location is unmatched – with immediate access to road, sea and infrastructure,” Stockland chief executive officer and managing director, Tarun Gupta, said.
It will also “supercharge” the state’s supply chain capacity, according to the executive, expected to support some 4500 jobs.
JBP director John Boyd added the project will include sustainable design elements like solar, EV charging and automation-ready warehousing.
Commonwealth Bank is the sole financier.
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