Global investment manager Realterm and its joint venture partner, Partners Group, have reached practical completion of a rarely available 23,000 sqm* institutional-grade container-rated hardstand, purpose-built to support the demands of Australia’s freight and logistics sector.
Strategically located on a B-Double approved route, the property provides easy access to Port Botany, M5 and M7 motorways, the Hume Highway, Moorebank Rail Intermodal and Enfield Rail Intermodal.
Constructed by Prime Projects, this 125 tonne container-rated hardstand, can support approximately 1,700 TEUs storage capacity and has been designed to meet the demanding requirements of modern freight and logistics operations. The design supports fully laden containers stacking up to five high, maximising storage capacity and operational efficiency suitable for heavy duty container freight operations.
This premium grade level of specification, positions the asset among the top tier of available hardstand supply, directly addressing the critical shortage of high-quality, industrial outdoor storage facilities in the Sydney industrial market.
“Reaching practical completion at 77 Governor Macquarie Drive in Chipping Norton is a strong validation of our strategy to deliver highly functional, container-rated hardstand in supply-constrained logistics markets,” said Toni Ryan, Fund Manager at Realterm.
Leasing Success and Opportunities
The strength of the asset has already been validated through the successful leasing of over 70% of the site to date. The most recent lease to Harper Jack Haulage, a rapidly growing transport operator, having taken over half of the newly available container-rated hardstand space.
By establishing operations at Chipping Norton, Harper Jack Haulage aims to boost its operational efficiency, reduce transport costs, and expand its business in this strategic Sydney location. The site’s 24/7 access and proximity to the rail intermodals will provide Harper Jack Haulage with strategic advantages supporting their operations in Full Container Load (“FCL”) cartage, container storage, fumigation and future consignment, and quarantine services.
“The early leasing success reflects the depth of occupier demand for well-located, high-specification industrial outdoor storage facilities that support modern freight and intermodal operations. Assets like this play a critical role in improving efficiency across the logistics network, and we continue to see compelling opportunities in the market.” Kathleen Legg-Bagg, Asset Manager at Realterm.
Up to 10,600sqm* of high specification hardstand is available for lease, offering a rare opportunity for occupiers to secure premium-grade, container-rated hardstand
For further information or leasing enquiries, please contact Realterm or your preferred leasing agent; or visit: https://www.realterm.com/news/for-lease-industrial-outdoor-storage-77-governor-macquarie-drive-chipping-norton/.
Related Articles
