Colliers secures off-market lease supporting market trend on tenants seeking bespoke industrial solutions
Colliers is pleased to announce the successful off-market leasing of a significant industrial site comprising 23 & 32–40 Grahams Hill Road and 20 Millwood Road, Narellan, in Sydney’s Outer South West. The property, owned by Wolin Investments, was leased through a campaign led by Adrian Balderston, National Director, Industrial & Logistics, and Angus Urquhart, Director in Charge, Sydney South West.
The buildings of 17,638sqm is sitting on a substantial land area of 30,640sqm. It has been fully leased to two major ANZ-based tenants, Tyree Transformers Pty Ltd and Tutt Bryant, in a landmark transaction that highlights the rising demand for specialised industrial assets. This transaction reflects a broader market trend where tenants are increasingly seeking bespoke industrial solutions that go beyond standard warehousing, especially in high-growth corridors like Sydney’s Outer South West.
Colliers National Director | Industrial & Logistics Adrian Balderston said, “The Outer South West is seeing a wave of new A-grade developments, but few match the infrastructure and flexibility of this site. This lease deal highlights the growing demand for specialised, high-capacity industrial assets.”
Despite the site’s complexity, its unique infrastructure and high-utility features attracted swift tenant commitment. Its appeal lies in its ability to meet the evolving needs of heavy industrial users, particularly those requiring substantial power capacity, yard functionality, and long-term operational flexibility.
Colliers Director in Charge | Sydney South West Angus Urquhart added, “Users who prioritise power capacity, yard functionality, and long-term flexibility often find newer developments lacking. This site’s unique capabilities made it a standout, prompting two major tenants to secure it off-market.”
Colliers recently secured several leases aligned with this rising demand, including Warehouse 10 at 339 & 349 Horsley Road, Milperra. Developed by Hale Capital Partners and built by Vaughan Constructions, 339 & 349 Horsley Road is the Inner South West’s first multi-level industrial business park, offering over 37,865 sqm of premium warehouse and office space across ten high-clearance units. The lease was secured on a five-year term at $340 per square metre net.
The successful leasing of 6 Hepher Road, Campbelltown achieved a record rate of $230/psqm net on a ten-year term and leased to another major manufacturer, highlights the demand in this sector. The facility features heavy-duty cranes, high power capacity, ample internal clearance, and a generous hardstand area, with close proximity to key transport routes.
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