10Ha Leppington Industrial Site sold for $40m

13 September 2020

A 10.2ha parcel of land in Leppington has been sold by local land owners including prominent Liverpool City Councillor, Tony Hadchiti for $40.9m.

The property was settled in the name of The Trust Company on behalf of major real estate investment group, yet to be revealed. The acquisition price represents approx $399/sqm.

The site at 345 – 367 Bringelly Rd, Leppington is located at the corner of Dickson Rd, approximately 6.5kms west of the M5 and M7 interchange and within 500m of the Leppington Train station.

The site is zoned Industrial 2 under the Sydney Region Growth Centres LEP and suitable for a warehousing and logistics development.

Charter Hall and ESR are currently developing an 18ha site at the nearby Bringelly Rd Business Hub which is now home to Nulon Motor Oils, Steelforce and CEA Australia and when complete will yield about 80,000 square metres of industrial space valued at an estimated $120 million.

The area has become increasingly popular for large investors with a number of groups vying for parcels of land near the existing heavy rail train station at Leppington.

ESR are also developing the Leppington Industrial Estate, an 8.7ha site just south of the rail line which they acquired in May 2020 for $34.2m.

This week the NSW government announced the station locations for the Metro Western Sydney Airport Line which will run from St Marys through to the new airport and the Western Sydney Aerotropolis, at Bringelly. The new line is expected to provide a major economic stimulus for western Sydney, creating more than 14,000 jobs during construction for the NSW and national economies.

The Metro line will ultimately be connected to the existing metro lines with further expansions from Westmead and Rouse Hill.