Sandhurst Retail & Logistics (SRL) have unveiled a new logistics park in Epping VIC, covering 140ha and promising to be one of the most sustainable business parks in Melbourne.
Just 20km north of Melbourne, O’Herns Logistics Park is uniquely located to deliver full access to the Hume Freeway via the new O’Herns Road diamond interchange as well as easy connectivity to the Tullamarine Freeway, Western Ring Road and City Link.
The business park aims to be one of the most sustainable parks in Melbourne with its buildings required to meet a 5-Star Green Star rating including solar power and LED lighting as well as facilities to collect and re-use rainwater across the site. A key component of the sustainability credentials of the park is a massive conservation area spanning a 127ha .
The 252-hectare property, previously known as Hendon Park, at 25 Vearings Lane in Epping is due to be settled by Sandhurst Capital by September 2021 for development by SRL, the commercial development and investment business established in 2019. Together with $300 million of retail projects, SRL now boasts an $800 million pipeline.
The site was rezoned in October 2020 following a lengthy and complex process to amend the Planning Scheme for part of the site from Rural Conservation Zone to Industrial Zone. This process included removing the Environmental Significance Overlay from the whole site and adopting new Development Plans, Vegetation Protection Plans and Environmental Significance Plans to land within remaining Biodiversity Conservation Area.
The recent growth in the industrial market in Melbourne has placed increasing pressure to use land adjacent to environmentally sensitive land. Sandhurst Retail & Logistics responded to the environmental concerns for the site and have created a master plan for the industrial park that will protect and enhance the important biodiversity habitats that exist in the area.
The first stage of the new logistics park will comprise lots and built-form packages including pre-leases and turnkey buildings, ranging from 10,000 to 75,000 square metres.
Senior Development Manager Jim Athanas said, “The site provides a great opportunity to implement a new sustainable approach to Logistics Business Parks development. As companies continue to adapt and evolve following the e-commerce boom, large-scale and well-connected logistics centres that provide significant ESG benefits to its occupiers will play an important role in the shifting commercial landscape, as demand for storage, distribution and warehousing facilities grows.”
“Industrial land is changing; clients are seeking flexible solutions, sustainable design, larger floorplates, and sites that can support growth and transformation. O’Herns represents this change, and will be supported by a significant investment into the surrounding infrastructure in the coming years.”
“SRL’s recent expansion into logistics is underpinned by the experience of our team, which brings with it over 40 years of combined experience across this type of development.”
Development & Transactions Manager Rob Mirabello said, “O’Herns presents a rare opportunity to secure high-quality industrial land at scale, offering flexible solutions, large-scale facilities, sustainable design, and connection to Melbourne or Sydney via the soon-to-be-completed O’Herns diamond interchange – we’re looking forward to seeing the project take shape.”
“The northern industrial corridor is a highly sought-after location, with accessibility to both the Hume Freeway and the CBD, connection to main arterials, and ample space for companies to expand into – the increasingly short supply is also driven by the area’s rapid evolution into a major residential corridor.”
“Demand will continue to outstrip supply, I expect the vacancy rate in Melbourne’s northern corridor to drop further over the next financial year, particularly given the region’s lack of serviced and titled industrial land.”
“We have created a unique product at our logistics park and we are looking forward to its launch, and the market’s reaction.”
Further Information
SRL was established by Tony Johnson and Rory Costelloe and is part owned by Tony & Rory as well as, Oliver Hume boss Michael Duster, Dino Strano, founder of building firm Winslow and Winslow CEO, Trevor Lockwood.
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