Sydney

Auto Parts Group secures first pre-commitment in new Charter Hall Smithfield industrial hub

Auto Parts Group has secured the first pre-lease industrial warehouse at Charter Hall’s future Woodpark Logistics Estate in Smithfield.

27 May 2019

Auto Parts Group has secured the first pre-lease industrial warehouse at Charter Hall’s future Woodpark Logistics Estate in Smithfield. 

The automotive specialist has signed a 10-year lease over the 14,694sqm site at 386-400 Woodpark Road, which will offer a total building area of 8,020sqm including office-warehouse amenities. 

The transaction was negotiated by CBRE’s Elijah Shakir and marks the first pre-commitment for the estate. 

“Auto Parts Group is a national tenant and has occupied a facility within the Smithfield precinct for over 10-years. The company was attracted to the site due to its state-of-the-art design, A-Grade building features, proximity to existing clients and local amenity,” Mr Shakir said.

“The pre-lease is an exciting milestone, as it allows Charter Hall to kick off its development pipeline in Smithfield. The development will include an additional two freestanding speculative office/warehouse buildings with GLA’s of 8,000 sqm and 10,000sqm.  The larger building has the ability to be leased as two separate 5,000sqm tenancies.”

Charter Hall Development Manager Mr Theodore Berney commented: “Charter Hall is excited to expand our presence in the automotive sector with Auto Parts Group being the first to secure a pre-lease at Woodpark Logistics Estate. Auto Parts Group and future tenants to occupy the remaining 18,000sqm will receive a premium product in a strategic location, with immediate access to key logistics routes throughout the core Western Sydney market.”

The Woodpark Logistics development will comprise three brand new, high clearance warehouse and logistics facilities ranging from approximately 5,000sqm to 10,000sqm with office accommodation in one of Western Sydney’s fastest growing industrial precincts. Located with prominent exposure to Woodpark Road, all buildings can be developed to tenant’s specifications, incorporating the latest industrial and logistics design elements to enhance operational and environmental performance. For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.