LOGOS has today announced it is developing a purpose built circa 16,000sqm warehouse and office facility for Orrcon Steel at its Marsden Park Logistics Estate in western Sydney.
As a leading Australian manufacturer and distributor of steel, tube and pipe products and wholly owned subsidiary of BlueScope, Orrcon Steel has committed to a long term lease on the facility plus circa 2,200sqm of expansion space.
The new commitment will see Orrcon Steel relocate its Sydney operations to Marsden Park, with the consolidated facility to accommodate the storage and distribution of various steel products through the utilisation of multiple overhead crane systems throughout the warehouse facility.
Darren Searle, LOGOS’ Head of Australia and New Zealand said: “Western Sydney, with its growing population, significant infrastructure investment and developing key industries, is a strategic market for LOGOS and our tenants. Through our Marsden Park Logistics Estate we will deliver a total of 100,000sqm of prime logistics lettable space to this market to meet the growing demand from existing and new tenants for quality logistics space. “We are pleased to be welcoming Orrcon Steel and supporting their growth strategy with a new facility at Marsden Park,” he added.
Breelee Ferns, Senior Procurement Specialist - Property at BlueScope said: “The new facility at Marsden Park Logistics Estate is an important investment for our business and marks an exciting new era for Orrcon Steel, enabling improved operational efficiency and optimised delivery times to our customers”.
Cameron Grier, Regional Director CBRE, who negotiated the lease agreement said: “Marsden Park as an industrial location is undergoing a transformation, which coupled with the lack of available zoned land in the outer west, is attracting high profile warehouse and distribution tenants, such as Orrcon Steel.
The Estate’s proximity to the M7 motorway and superior amenity were keys drivers in Orrcon Steel’s decision process to commit to this quality Estate,” Mr Grier said.
Marsden Park Logistics Estate is owned by LOGOS Australia Logistics Venture (LALV), a partnership established in late 2014 between LOGOS and its capital partners to acquire and develop prime, logistics estates across Australia. The Estate also includes a purpose built 6,224sqm facility for the global produce distributors, Valleyfresh and a 12,515sqm facility for eStore, Australia’s largest third-party logistics provider.
LOGOS’ Australian and New Zealand portfolio includes assets and developments across New South, Victoria, Western Australia, Queensland and Auckland, with its development pipeline standing at over A$2 billion.