The project represents a transformative opportunity to deliver a market-leading, multi-storey logistics and mixed-use precinct in one of Sydney's most strategically located areas. The end value of the project is expected to be more than $3.5bn.
The site will be redeveloped to support freight storage and logistics, capitalising on its proximity to key transport infrastructure.
Stockland will also manage investment, asset, development and property management services, supported by a suite of ancillary arrangements designed to underpin the long-term success of the partnership.
MinterEllison's multidisciplinary team advised on all aspects of the transaction.
The transaction was led by Louella Stone (Partner, M&A/Capital Markets) and Cassandra Sweeney (Senior Associate), with real estate lead Alice Langham (Partner). They were supported by Nathan Deveson (Partner), Tze Ting Liew (Partner), Taleen Karapetian (Senior Associate), Hugo Zicat (Senior Associate), Charlotte Hines (Lawyer), and Jack Grant (Lawyer), among many others.
Louella Stone, Partner, commented: "This transaction reflects Stockland's bold vision for logistics development in Australia. The structure and scale of the deal demonstrate the strength of Stockland's ambition and our firm's ability to deliver complex, long-term partnerships that unlock value and drive strategic growth."
The project is expected to progress in phases over the coming years, with Stockland taking a leading role in development and tenant engagement.
