Investa and Woolworths agree industrial land sale of 3.5ha at Turn4 Industrial Estate
Investa Property Group has sold 3.5ha of industrial land at its Turn4 Industrial Estate at Eastern Creek, Sydney to Woolworths. The site has been purchased by Woolworths for the purpose of a data centre.
Lloyd Jenkins, Group Executive of Investa’s Land Development says: ‘Where transactions in the industrial property market have been quiet in recent months, the scale of this deal and the volume of land sold demonstrates that private investors and companies are still interested in industrial hotspots, such as Turn4 at Eastern Creek.’
Woolworths joins Mobis Parts Australia who acquired 6.2ha of land at Turn4 in 2007. Collectively the acquisitions by these two companies account for approximately 45% of Turn4.
The sale was negotiated by Nick Greenwell of Investa and Andrew Maher and Matthew Flynn from CB Richard Ellis.
For further information contact:
Investa Property Group
General Manager – Marketing, Katie Barton-Harvey
on 02 8226 9391 or 0427 234 862, kbarton-harvey@investa.com.au
About Turn4
Turn 4 is an industrial subdivision, located in Sydney's premier distribution precinct, Eastern Creek. Turn 4 is part of the SEPP 59 Precinct that forms the single largest release of employment land in the Sydney Metropolitan Area, which allows for manufacturing, warehousing, high technology, storage/research purposes including ancillary retail and office space.
Turn 4 has been designed to cater for a multitude of users with land for sale, turn-key and pre-lease solutions all available. The status of Turn 4 as a leading industrial precinct has been demonstrated by the substantial commitment of Woolworths and Mobis Parts Australia (part of Hyundai Motor Group).
Location details
Turn4 is located in prime proximity to the M7/M4 Motorway interchange, and benefits from B-double truck access and two access points from the east and west, providing flexibility and logistical efficiency. Turn4 also benefits from three street frontages and 1.2km exposure to the M4 Motorway, providing substantial signage opportunities.
About Investa
Investa is one of Australia’s largest unlisted owners of commercial real estate. Headquartered in Sydney, Investa has management and development offices in Melbourne, Brisbane and Perth.
Since its inception in 2000, Investa has grown to control real estate assets of approximately AU$8.5 billion. In September 2007, Investa was purchased by funds managed by Morgan Stanley Real Estate (MSRE) and delisted from the Australian Securities Exchange.
Prior to its delisting as a public company in 2007, Investa was rated number one on the Dow Jones Sustainability World Index (DJSI World) in both the real estate sector and the financial services super-sector. Investa was one of only three Australian companies included in the Global 100 (G100) list of sustainable corporations announced at the 2007 World Economic Forum in Davos. In 2008, Investa won Australia’s most prestigious prize for addressing climate change, the Banksia Climate Change Award.
Investa has proven experience in three key business areas:
· Commercial Office Group
Investa boasts a fully integrated commercial real estate business. Investa buys, sells, owns, develops and manages high-quality office buildings in premier locations in Australia’s capitals. This end-to-end business model gives Investa the ability to ensure optimum quality and performance of its properties and its property services.
· Funds Management
Investa manages a range of wholesale and retail funds on behalf of over 4,000 clients, who encompass institutions, superannuation funds, industry funds and retail investors. Funds under management are approximately AU$2.2 billion.
· Land Development
Investa undertakes commercial, industrial and residential development in select locations across Australia. Investa’s residential land developments encompass broad-acre subdivisions in New South Wales, Victoria, Queensland and Western Australia. Investa has a commercial, industrial and residential development pipeline with an estimated end value in excess of AU$4.3 billion.
Download attachment