Sydney Olympic Park Authority has let a 25,637sqm site in Homebush West for 99 years to local developers Trumen and Norman Property Partners.
The site is located in Sydney’s “last mile” industrial precinct at 201 Parramatta Road, Homebush West, and directly opposite the Sydney Markets. Joint venture partners Trumen and Norman Property plan to start developing the Homebush Logistics Centre site by the third quarter of the year and aim to complete it by the second quarter of 2021.
The site’s location and size were its biggest selling points as it’s a large holding in the geographic centre of Sydney that’s surrounded by arterial roads. Its location directly opposite Sydney Markets and with clear access to the M4 and Parramatta Road makes the site ideal for online and food-related users.
Although the impact of the COVID-19 has been widespread, Sydney’s central west is experiencing a surge in online shopping and food-related demand.