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Posted on 12/05/2020
Cumberland Council has approved a Mirvac development for a $269 million project which is estimated to create more than 700 construction jobs in the western Sydney region.
The project is located at an old industrial estate in Auburn, NSW, that aims to provide flexible warehousing, modern office space and neighbourhood amenities such as a café.
The 14-hectare site is predicted to bring in warehousing and distribution to the Auburn area, allowing for the demand to be met with the increase in online shopping and last mile delivery locations.
It can be found close to the town centre and is 3 kilometres from the ever-growing Parramatta CBD.
Mirvac understands that the project is well placed to reap the rewards from substantial infrastructure investment nearby, such as the $16.8 billion WestConnex project, a project that aims to connect western Sydney to South Sydney.
Richard Seddon, Mirvac General Manager, said growing e-commerce traffic are pushing the need for new logistics hubs within growing population centres.
He cited recent research from Nielson showing a 45% growth in online e-commerce sales Australia wide when compared to the same study this time last year.
“At Auburn, our vision is to deliver a precinct that represents a new age for industrial estates. Our plans include bringing leading technology together with unique amenity for future workers and the local community,” Seddon said.
“With more people staying at home, there has been a rapid increase in demand for e-commerce services. To meet future needs we are committed to delivering cutting-edge industrial warehouses and logistics facilities like the one planned for Auburn.
“Against the current climate, Mirvac has adapted its operations and is progressing development plans and construction across its portfolio. Continuing momentum on our developments ensures we are well placed to help support the recovery of Australia’s economy on the other side of COVID-19.”
Mirvac’s redevelopment of the site is a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).
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