Techtronic Industries (TTI) has pre-committed to a 73,920 square metre distribution centre at Sydney’s Orchard Hills.
The group is the first to rent at The Yards, a 118 hectare estate at 649-763 Mamre Road, which Frasers Property Industrial, Altis Property Partners and Aware Super launched last month.
The occupier has signed a 10-year lease.
With an automated mini-shuttle system, Very Narrow Aisle racking storage and drive around truck access, the $188 million facility should be completed by next July.
AEG, Homelite, Hoover, Milwaukee and Ryobi are amongst TTI’s brands.
The tenant, represented by TMX’s Jack Morony, will consolidate from two Sydney sites.
Last year another tools supplier, Ozito, was the first business to rent at FPI’s Rubix Connect, in Melbourne’s Dandenong South.
The Yards forms part of 850 hectares the state government recently zoned for an industrial-based employment precinct, near Western Sydney International Airport, construction of which is underway.
FPI and Altis acquired the site in parts between 2017-2019.
About 70ha is developable; the end value of product is speculated will be c$1 billion (story continues below).
A sod turning event to kick off construction was held recently.
The estate will include retail and a zone for food trucks.
A bike track and sports field is also designed.
Orchard Hills, near Kemps Creek, is about 56 kilometres west of Sydney.
Altis with Aware is co-developing another business park, Altitude, near Bankstown Airport – also west, but closer to the CBD.
By area, the TTI factory will be one of Australia’s largest – pipping a 72,000 sqm distribution centre tenanted to Ceva Logistics and a Melbourne Airport warehouse rented to Toll (71,000 sqm).
The country’s biggest property of this type – spreading 100,000 sqm – was recently completed at Mickleham; commissioned for Kaufland it is now occupied by DHL Australia.
Amazon is behind a 200,000 sqm four-floor facility under construction at Goodman and Brickworks’ Oakdale West Industrial Estate.