The industrial sector is expecting a “dynamic year” with Stockland and Goodman Group already making moves in the space and expanding their intermodal footprints.
Stockland secured approval for the redevelopment of a low-clearance warehouse built in the 1970s for wool storage into a 40,000sq m facility.
Meanwhile, industrial property giant Goodman Group acquired a strategic intermodal terminal in the south-west of Sydney, it was announced this week.
Qube has confirmed reports that it has offloaded its intermodal freight site at Minto to Goodman in a $200-million deal.
The site sits across from an existing Goodman property, and the property owner and developer will bring in a third-party operator for the multipurpose site.
In addition to container storage facilities it has rail siding and warehousing.
Logistics business Qube had already sold a section of its 30.6ha Minto industrial estate in a $207-million deal with Charter Hall in 2020.
Further north, Stockland has secured approvals through the State Significant Development pathway for the latest piece of the puzzle at its Yennora Intermodal Precinct.
It has been approved for the new logistics facility at the precinct, replacing an ageing building with a new single-storey warehouse.
DP World operates the intermodal terminal with a rail service to Port Botany—which it announced this year it would invest $400 million into alongside NSW Ports—and oversees the majority of the warehouse space.
It will expand its operations into the new building, which “forms a key component of Stockland’s broader strategy to transform the precinct into a modern, logistics hub positioned as one of Greater Sydney’s leading intermodal terminals”.
Stockland is also working on a concept masterplan to modernise the existing intermodal facility and deliver a multi-storey warehouse and distribution facility.
The industrial sector was considered the golden child of the pandemic period, but opportunities and potential have floundered a little since then due to tight supply putting a dampener on transaction volumes.
However, agents such as Cushman & Wakefield have predicted 2025 would be a more dynamic year for the industrial sector, predicting $10 billion in transaction volumes for 2025, up from $7.2 billion in 2024.
