
Major Lease Secured at 9 Stonny Batter Road, Minto NSW
In a significant development for the industrial landscape of South West Sydney, Colliers has finalized a record-setting lease for a premium intermodal facility located at 9 Stonny Batter Road, Minto, NSW. This remarkable 128,000 square meter facility has been secured by Medlog, a leading name in transport and logistics, under an impressive 15-year lease agreement. This deal underscores the increasing strength and demand within the Sydney industrial market.
The Significance of This Lease
This lease marks the first time in years that an intermodal facility of such caliber has been available for lease in Sydney. The unique characteristics of the property made it highly appealing to major global logistics operators. Colliers conducted a selective off-market leasing campaign that attracted 40 potential global intermodal and rail operators, eventually leading to a competitive bidding process that saw multiple parties vying for the property.
Strategic Location and Features
Located strategically within Sydney's burgeoning South West logistics corridor, the site boasts unparalleled connectivity. The property comprises not just the vast warehouse space but also includes three freestanding warehouses, a two-level corporate office, and a significant 71,876 square meter hardstand designed to handle stacking up to five high. Additional features like direct rail access and a large truck marshalling area enhance its operational utility, making it an attractive proposition for logistics firms.
Implications for the Newcastle Property Market
The leasing of such a massive facility in Minto could influence the broader property landscape, notably in Newcastle's real estate market. As Newcastle continues to evolve, significant industrial developments such as this one may drive demand for commercial properties in the region, possibly affecting housing prices and rental markets.
Looking Ahead
As the economy recovers and logistics needs evolve, we might see more such landmark transactions in the industrial sector. Stakeholders and potential investors should analyze how these developments can signal trends in property investment, particularly for those looking at newcastle property market growth and opportunities.
Conclusion: Stay Informed on Property Trends
The ongoing changes in industrial real estate, such as the notable leasing of the intermodal facility at Minto, remind us of the dynamic nature of property markets. Keeping an eye on such trends can help consumers and investors make informed decisions in the vibrant Newcastle property landscape.
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