The Property Council of Australia’s Western Sydney Regional Director Ross Grove said demand for industrial land in Western Sydney is at a record high. He reported that businesses are having trouble relocating their premises due to a lack of sufficient available zoned and serviced land.
“Western Sydney’s Aerotropolis is experiencing unprecedented tenant interest, but the industry’s capacity to make land available is being hamstrung by a lack of road network capacity – which will ultimately hold up development approvals,” Mr Grove said.
“Our industry is advocating for the upgrade of key roads to ensure the new airport is supported by a thriving industrial, freight and logistics precinct – rather than the cow paddocks that exist today.
“Our members want to develop their land, but the semi-rural road network we currently have will not cater to this growth.”
Items on the Property Council’s wishlist include:
- Badgerys Creek Road upgrade
- Luddenham Road upgrade
- New Eastern Ring Road
- Elizabeth Drive upgrade
- Mamre Road upgrade
Early costings for these works are estimated at $2.3 billion, and the industry is willing to work with government by way of contributing to the costs, refining the project scope and bringing forward priority stages through Works-In-Kind Agreements.
“Today’s news is good news for Western Sydney. Our next step is to put the roads in, unlock the stormwater network and make it happen,” said Mr Grove.
