ESR Australia expands its presence around Sydney
ESR continues to expand into the Australian industrial and logistics real estate space with the purchase of a 2008,000 sqm development site for AUD 142.5 million in western Sydney. Given that it is strategically situated near major transport links including the motorways and in close proximity to the future Western Sydney Airport, the site is ideally located for a logistics hub.
When fully developed, ESR Horsley Logistics Park will be a premium distribution park of circa 110,000 sqm across 4-6 separate warehouses. Phil Pearce, CEO of ESR Australia, commented: “We will continue to add to our land bank to ensure ESR is well-positioned to keep capitalising on the opportunity that the Australian market offers with an established presence, substantial team of experts on the ground and proven capabilities in Australia." (mw)