GPT to commence construction of The Gateway logistics facility at Eastern Creek
30 April 2018
GPT Group:
The GPT Group (GPT) today announced its plans to
commence construction of a 31,000 square metre logistics and office
facility at Lot 21 Old Wallgrove Road Eastern Creek in
Sydney.
Located in the heart of
Western Sydney’s leading logistics and warehouse
precinct, The Gateway will be able to be leased in its entirety or as
two separate facilities.
GPT’s Head of Development, Logistics Darren Hunt said he was confident
the development, which is in close proximity to the interchange of the
M7 and M4 Motorways, would attract a significant level of interest from
prospective tenants.
“GPT is very encouraged by the success of the three speculative
logistics developments in Western Sydney that it completed last year and
has now fully leased,” said Mr Hunt.
“Our strategy of undertaking speculative developments has allowed GPT to
capitalise on the current strong demand for quality and well-located
logistics facilities which in Sydney remain at historic highs.”
The Gateway is GPT’s second speculative logistics development for 2018,
with work now well underway on the Group’s 11,260 square metre facility
at 1B Huntingwood Drive in Huntingwood, Sydney.
The Huntingwood facility, which is due for completion in the second half
of 2018, is on the corner of the Huntingwood Drive and the Great Western
Highway.
1B Huntingwood Drive occupies the same site as the 21,000 square metre 1
Huntingwood Drive facility that was refurbished and fully leased by GPT
last year.
--ENDS--
Source: GPT Group - www.gpt.com.au
Contact: N/A
External Links: N/A
Recent news by: GPT Group