Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, and its joint venture partner Realterm, the global investment manager specialising in transport logistics real estate, have successfully reached 100% occupancy at 77 Governor Macquarie Drive, Chipping Norton, marking the stabilisation of one of Sydney’s newest institutional grade, container-rated hardstand facilities.
Following practical completion in April 2026, the 23,000 square metre* site is now fully occupied, underscoring the depth of demand for high-quality industrial outdoor storage (“IOS”) assets in tightly held logistics markets.
The final available portion of the site has been leased to PCFS Logistics, a national container logistics operator with an established footprint across Victoria, New South Wales and Queensland, and a strong operational presence in Port Botany.
This successful leasing outcome highlights the significant shortage of premium container-rated IOS assets across Sydney.
“The full lease-up of Chipping Norton, just three months post practical completion strongly validates our strategy of targeting supply constrained locations and delivering fit-for-purpose, container-rated hardstand. In what has been a more challenging leasing environment, this outcome result demonstrates that well located, high-quality IOS product continues to attract strong occupier demand,” said Kathleen Legg-Bagg, Asset Manager at Realterm.
“There is a clear gap in the market for institutional-grade hardstand, particularly with true container-rated capability, and this outcome reinforces the need for more of this product across Sydney.”
The rapid stabilisation of the asset reflects a broader structural trend, in which occupiers continue to expand despite tighter economic conditions, driven by limited supply and the critical role IOS currently plays in supply chain efficiency.
Paul and Silvana Petrovski, Directors at PCFS Logistics said, “Securing space at Chipping Norton was a strategic decision for our business. The site’s proximity to Port Botany and key transport corridors, combined with its high specification design, provides the operational efficiency we need to continue scaling our container logistics operations across the east coast. Quality, container-rated hardstand of this standard is extremely difficult to secure in Sydney, and assets like this are critical to supporting future growth.”
Henrik Orrbeck, Global Co-Head of Real Estate, Partners Group, said, “The asset reflects the structural demand we continue to see for high-quality logistics infrastructure in infill urban locations, reinforcing our thematic conviction in the sector as a long-term beneficiary of supply chain growth and occupier expansion across Asia Pacific.”
Purpose-built to support modern freight and container logistics, the 125-tonne-rated hardstand facility at 77 Governor Macquarie Drive, Chipping Norton accommodates fully laden container stacking up to five high and supports high-frequency heavy vehicle movements, including container handling equipment. Strategically located with access to the M5, the site provides efficient connectivity to Port Botany, the Hume Highway and key intermodal hubs at Moorebank and Enfield.
Realterm continues to see strong investment conviction in IOS assets globally, with a particular focus on land constrained urban markets such as Sydney.
For further information or leasing enquiries, please contact Kathleen Legg-Bagg, Asset Manager, Realterm at klegg-bagg@realterm.com or +61 422 120 177.
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