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An image featuring a black and white photo of a man in a suit and tie, symbolizing the world of commercial real estate development.An image featuring a black and white photo of a man in a suit and tie, symbolizing the world of commercial real estate development.
50 Stennett Road, Ingleburn, NSW

Projects

50 Stennett Road, Ingleburn, NSW

Location

Ingleburn, NSW

Size

GLA 17,576 sqm on Land 65,680 sqm

PURCHASE Date

March 2014

Sold

May 2017

Completed

TR

18.1

%

50 Stennett Road, Ingleburn, NSW
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Activities

At purchase, the warehouse was leased to Schneider Electric (Australia) Pty Ltd, a subsidiary of multinational Schneider Electric SA. We won a competitive tender process to deliver a new and expanded distribution facility for Schneider Electric. With the surplus land we engaged surveyors to provide the most efficient subdivision plans if the tenant decided not to renew their lease.

Strategy

An industrial estate, featuring an A-Grade industrial office warehouse of 9,928sqm which was constructed in 2002. Located in the south western growth corridor of Ingleburn approx 44km from Sydney CBD.

Outcome

We delivered a new facility integrated with the existing facility delivering a GLA of 17,500sqm. The construction was completed on time and within budget while the tenant continued operations. The tenant committed to a new 12 year lease, with the remainder of the site subdivided. Property was sold in May 2017.