THE PROPERTY DEVELOPMENT REVIEW
Supply chain & container traffic through the ports will be opening up and likely to lead to lower supply costs. What are some of the most significant or rewarding projects that the team have been involved in and why? There have been a number of new projects and appointments that the team have been involved in recently. Villawood Logistics Estate on behalf of Logos, was a major speculative leasing project in western Sydney that commenced during lockdowns and completed with full occupation prior to PC. Light horse Interchange is a recent appointment on behalf of Charter Hall which will see a premium estate being developed in arguably the best location in western Sydney. What advice do you have for any prospective developers in the current climate? Three trends we are seeing that will allow developers to achieve great results in the industrial market: 1. Speculative development will continue to achieve the strongest rental returns 2. Fight to quality and local amenity will continue to attract occupiers 3. Involving occupiers at an early stage
to integrate fitout and automation and machinery How have your marketing strategies changed, if at all, over the past 12 months? We are more reliant on data prior to listing and working on deals, owners want it, occupiers want it and it is assisting us during negotiation stages. The industrial market is much more sophisticated with owners and tenants partnering with agents well before a potential listing hits the market. It is important to have our marketing strategy in place at an early stage and that can involve a market sounding prior to listing.
March / April 2023 – 23
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