major announcement

3 August 2008
CORPORATE EXPRESS CHOOSES AUSTRALAND
FOR NEW WAREHOUSE AND OFFICE
Australand today announced that Corporate Express had chosen Australand’s Erskine Park Business Hub for its new flagship distribution centre.
The Erskine Park Business Hub is a 17Ha estate wholly owned by Australand and, with earthworks already complete, is the only immediately available opportunity in Western Sydney for companies looking to relocate to the precinct.
With an end value in excess of $55m, the facility is due for completion by the middle of 2008 and consists of a total GLA of approximately 43,000sqm with over 2,000sqm of office space and a 12 year lease making it the largest logistics development transaction in Western Sydney this year. The transaction also allows Corporate Express to expand into the facility during the lease term.
The facility has been designed to consolidate six separate facilities as part of Corporate Express’ first ever end-to-end supply chain review.
Australand’s Regional General Manager, Mr. Reini Otter, said Australand’s Commercial and Industrial Division focuses on creating and building innovative and cost effective logistics solutions, whilst maintaining a strong focus on environmental performance.
“For some time we have had an agreement with Sydney Water to reduce water consumption by at least 35% across the board in all our facilities, and we are building on that to include an extensive range of energy reduction measures to ensure that our future industrial facilities set the standard for environmental performance in the industrial sector.” Mr Otter said.
Australand worked closely with Penrith Council to secure the deal and to incorporate environmental initiatives such as mechanical water separation, biofiltration ponds, passive solar design and warehouse ventilation.
Development Approval has already been achieved for the Corporate Express facility with construction due to commence shortly.
Australand is likely to retain the facility as part of its investment property portfolio.
For further information, please contact:
Reini Otter John Thomas:
Tel: 0438 398 896 Tel: 0418 926 077
Email: [email protected] Email: [email protected]