GROWING THE SOUTH-WEST | Warehouse workspaces launched at Prestons

WestWorks launches this month in the Prestons industrial precinct in Western Sydney’s growth corridor with accessibility to and visibility from the M7 and M5.

The industrial property development sector is soaring, said AndrewWilson, chief economist at Australian Commercial Property. Latest data shows Liverpool local government area reported the highest value of industrial building approvals of all Sydney LGAs over the 2017-18 financial year, at just under $800m. Third was Fairfield at $68m.

“Latest ABS data reveals the value of the industrial property market sector – including factories and warehouses – approved for building over the 12 months ending July this year has increased by 38.5 per cent compared to the same period the previous year,” he said.

He said although industrial development had surged over the past year, the major property sectors of retail and office have fallen by 34.4 per cent and 13.9 per cent, respectively. Approvals for industrial-sector building accounted for 29.7 per cent of all prime commercial-sector development (including office, retail and industrial) over the past year – an increase in the previous year’s 19.1 per cent market share.

It has 55 high-bay warehouses and contemporary office suites ranging from 45 to 500 square metres, with the flexibility to amalgamate units. It has carefully-crafted, light-filled spaces incorporating photo-electric controlled LED lighting, high-quality kitchenettes, toilet/ shower facilities, high-bay automatic rollerdoors and high-speed NBN.

Upgrade to solar power, CBUS access control systems, AV packages, HID access control systems, security cameras, car-stackers, digital power monitoring, high-bay racking, portable beehives and even in-house beer tap and keg.

Communal areas feature Willie the Boatman craft brewery, with spaces for onsite bakery, smallgoods and deli, coffee roaster and communal sports grounds. It suits e-commerce, food and beverage processing, packaging and distribution, dark kitchens, light-, heavy- and high-tech manufacturing, medical, pre-fabrication and trade, IT and communications.

Units start at $261,000.