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Yennora Distribution Centre,
Dennistoun Avenue, Yennora, NSW
Yennora Distribution Centre is one of the largest distribution
centres of its kind in the southern hemisphere and is a site of
state significance with almost 300,000m2 under roof and a further
60,000m2 of dedicated container hardstand. The site operates
as an “intermodal” rail terminal with nearly 7km of rail sidings
connected to the main western rail line.
Currently Stockland has masterplan DA consent to build
a 8,500m2 warehouse facility within the Western precinct.
Location: Western Sydney, NSW
Acquisition date: July 2000
Ownership/title: 100%/Freehold
Cost including additions: $229.2 million
Independent valuation: June 2009
Valuation/($/m2): $335.7 million ($1,146/m2*)
Capitalisation rate: 8.00%
Discount rate: 9.25%
Lettable area: 293,003m2
Site area: 67.9 hectare
Hardstand: 63,045m2
Major Tenants GLA (m2)
Australian Wool-Handlers 69,124
ACI Glass 53,817
Linfox 48,211
QLD Rail / CRT Group 35,001
Lease expiry profile
Vacant 2%
FY10 4%
FY11 9%
FY12 52%
FY13 23%
FY14+ 10%
* Excludes hardstand.
Defence National Storage and Distribution Centre,
Moorebank Avenue, Moorebank, NSW
Moorebank National Defence Storage and Distribution Centre
is located approx 26km south-west of Sydney's CBD with direct
access to the M5 Motorway and only 2 minutes to the Prestons
M7 interchange. The site comprises over 238,000m2 of existing
buildings translating to a site coverage of 29%.
There is substantial potential to create an Inland Intermodal Freight
Facility offering rail connected warehousing solutions with direct rail
access to Port Botany, via the proposed dedicated Southern
Sydney freight line.
Location: South-west Sydney, NSW
Acquisition date: D ecember 2007
Ownership/title: 55%/Freehold
Cost including additions: $154.1 million*
Independent valuation: June 2009
Valuation/($/m2): $138.0 million ($1,050/m2*)
Capitalisation rate: 7.50%
Discount rate: 8.75%
Lettable area: 238,876m2
Site area: 82.9 hectare
Major Tenants GLA (m2)
Department of Defence 238,876
Lease expiry profile
Vacant 0%
FY10 0%
FY11 0%
FY12 0%
FY13 100%
FY14+ 0%
* 55% interest.
Hendra Distribution Centre,
Nudgee Road, Brisbane, QLD
The complex comprises 17 warehouses, including a large,
modern distribution centre along with offices, amenities and
ancillary improvements.
The property is situated in Brisbane's Trade Coast precinct,
enjoying excellent road, port and air accessibility.
Location: N orth Brisbane, QLD
Acquisition date: July 2000
Ownership/title: 100%/Freehold
Cost including additions: $47.4 million
Independent valuation: June 2009
Valuation/($/m2): $80.0 million ($955/m2*)
Capitalisation rate: 9.25%
Discount rate: 10.50%
Lettable area: 83,735m2
Site area: 17.4 hectare
Hardstand: 22,928m2
Major Tenants GLA (m2)
K-Mart Distribution 28,500
Priority Secure Park 8,460
Fletcherwood Panels 7,902
Global Express 6,889
Lease expiry profile
Vacant 4%
FY10 23%
FY11 12%
FY12 16%
FY13 4%
FY14+ 41%
Excludes hardstand.
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