AMP Capital has started work on a new development at the Crossroads Logistics Centre in Casula, in south-west Sydney.
WesTrac has signed a long-term lease with AMP Capital for the facility, which includes a warehouse, workshop and regional office for one of Caterpillar’s largest authorised dealers, occupying 24,000 sqm.
Crossroads Logistics Centre is owned by investors in the AMP Capital Diversified Property Fund (ADPF) and once the centre is complete, it will accommodate approximately 80,000 sqm of warehouse and office space across three separate precincts.
AMP Capital managing director, office and industrial, Luke Briscoe said the location was a perfect fit for WesTrac.
“Crossroads offers a strategic location for companies such as WesTrac. It’s located in the growth corridor of south-west Sydney, offers access to arterial road and transport infrastructure as well as retail and lifestyle amenities for workers. Our strategy is to work with our industrial tenants, such as WesTrac, to develop a site that meets their needs and we’re delighted that construction is now underway on this development,” he added.
Construction is expected to be completed mid-2018.
Australian Property Journal
