First site in new airport’s Agribusiness Precinct snapped up

Gulli Foods has become the first buyer of a property within the newly-gazetted Agribusiness Precinct near the future Western Sydney International Airport.

The family-owned company has purchased 57-73 Campbell Street, Luddenham, four separate titles combining to a 4.42ha landholding.

Roughly 1.5km from Sydney’s future second airport, the Luddenham property is within an Agribusiness Precinct established to deliver fresh and value-added local food production.

Gulli Foods is a producer and distributor of cheeses, gourmet and organic products, smallgoods and yoghurts, and plans to construct its new manufacturing and distribution facility at the site.

CBRE’s Andrew Sukkar and Fabio Screpis managed the sale on behalf of the private vendor.

“As the first sale in the Agribusiness Precinct since its gazettal, this is a landmark transaction in western Sydney,” Mr Sukkar said.

“Luddenham is set to become a major agribusiness hub, with businesses such as Gulli Foods setting up bases and growing the local economy over the years to come.”

A growing suburb within the Penrith City Council LGA, Luddenham is 58km south-west of the Sydney CBD, with the new Agribusiness Precinct forecast to accommodate up to 10,000 jobs by 2056.

The four separate parcels of land at 57-73 Campbell Street are currently tenanted, including by MacKillop Family Services, a childcare and psychologist’s office.

Campbell Street is just off The Northern Road arterial, and near the proposed M12 Motorway and North-South West Rail project that will connect the new airport with Sydney’s west and south-west.

“The market in Sydney’s south-west has recently seen a marked increase in growth and demand due to high levels of development in the area and the infrastructure flowing into the region,” Mr Screpis said.

“Luddenham is well-located and connected, and set to benefit from the employment opportunities and infrastructure growth in the area in the years to come.”

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About Warwick Petschack

Warwick has over 25 years of property investment and management experience. Principally responsible as Managing Director for Capital Management Australia and Joint Managing Director for Chauvel Capital Partners and Editor of Australian Property Markets News.

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