Stockland has secured a major blue chip tenant for part of its 11 hectare industrial business park in Warwick Farm.
Stockland has secured a major blue chip tenant for part of its 11 hectare industrial business park in Warwick Farm, with the remainder of the property set to be speculatively developed to meet leasing demand for opportunities in close proximity to the M5 and M7 orbital.
Daikin Australia has signed a 10 year lease 33,278sq m of Gross Lettable Area, at 200 Governor Macquarie Drive with occupation set for early 2018.
Darren Curry, Director of Industrial and Business Services at Savills Australia negotiated the pre-lease and said Daikin Australia plans to use the Stockland development to cater for the expansion of their current site, located at 62-66 Governor Macquarie Drive. The new lease will cater for predominately office, warehousing and the wholesaling of Daikin products to trade services.
Stockland purchased the property from The Australian Turf Club in 2013 with it originally used as a horse training facility known as ‘Coopers Paddock’. Savills is exclusively appointed to secure a future tenant for the remaining 17,532sq m within the estate.
200 Macquarie Drive is opposite the new Inglis thoroughbred horse stables and sale yard who will relocate from their Randwick stables to Warwick Farm. In addition, Inglis are developing a conference centre and hotel which will be run by the Sofitel MGallery and give excellent amenity to the local area.