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Colliers & CBRE appointed to sell Augusta Street, Huntingwood Industrial Site

Huntingwood Hero

A large greenfield industrial development site will be brought to market by Colliers’ Gavin Bishop, Sean Thomson and David Hall, alongside CBRE’s Jason Edge, Cameron Grier and Chris O’Brien on behalf of Lesso Mall Developments.

Covering a substantial 21.56ha, Augusta Street presents the unique opportunity to acquire one of the largest remaining industrial zoned greenfield land holdings within the Huntingwood Industrial precinct, widely known as one of Western Sydney’s premier industrial locations. The site has a price expectation of more than $200 million.

Underpinned by its superior scale, the site benefits from a multitude of flexible future development characteristics given its prominent exposure of more than 900 metres to the M4 Motorway and Great Western Highway, with further frontages to Augusta Street and Berith Street.

Demand for industrial land in Sydney continues unabated as institutional groups adopt a build-to-core strategy. Continued yield compression and limited buying opportunities have made it more challenging to acquire stabilised assets, and as a result, major institutions seek scale via greenfield development.

Furthermore, interest in the site from data centre operators is expected as the sector has evolved rapidly in recent years, underpinned by the demand for cloud-based storage services. The recent lockdown period and large-scale work-from-home orders in response to COVID-19 have elevated data centre demand as cloud storage requirements have grown rapidly.

Gavin Bishop, Head of Industrial Capital Markets at Colliers, said: “In response to growing demand levels, there has been a surge in demand from data centre operators seeking greenfield land to facilitate their expansion. Notably, this has been led by the aggressive growth mandates of Microsoft, Digital Realty, and NextDC, who have recently acquired large-scale sites across the country.”

“Despite growing institutional demand for data centres, investment in the sector remains limited given the lack of investable stock and relatively tight regulatory restrictions. As a result, equity investment in the sector has been the dominant method of entering or expanding and includes Macquarie Group’s 88% acquisition of the AirTrunk data centre business earlier in 2020.”

Jason Edge, Senior Director, Industrial Capital Markets at CBRE felt the infill nature of the site would create strong demand from buyers. “Freehold land east of the M7 of this scale is extremely rare and will appeal to both institutional developers and large corporate occupiers looking to take advantage of the current cost of debt.”

Augusta Street, Huntingwood is being offered for sale via International Expressions of Interest closing 4:00pm (AEST) Thursday, 23rd September 2021.

Related Experts

Gavin Bishop

Managing Director | Industrial


Gavin is the Managing Director of Industrial & Head of Industrial Capital Markets Australia at Colliers, where he has been specialising in industrial property for 21+ years. Based in the Sydney CBD Head Office, Gavin manages a highly successful team of over 120 staff across every state & territory nationally in key industrial and logistics precincts.

Gavin specialises in the national industrial capital markets and has excellent relationships across a broad spectrum of institutional, international and private investors. Over Gavin’s time with Colliers, he has completed hundreds of deals in industrial property, settling over $14 billion in his career to date, and leasing over 400,000sqm. Gavin enjoys a 75% market share of industrial capital markets share in NSW.

Gavin has worked extensively in the sale of industrial portfolios of up to 30 assets in one portfolio. Gavin and his team have sold 24/34 of all industrial portfolios in Australia over the last five years, including the AMP Portfolio ($105m), J.P. Morgan Portfolio ($250m), Altis Portfolio ($342.5m), Qantas Portfolio ($802m) and GIC/Australand Portfolio ($1.073b).

Some major distribution centre sales that Gavin and his team have been involved in over the last two years include, the Calibre, Eastern Creek ($130.1 million), 1 Eucalyptus Place, Eastern Creek ($90.5 million), 3 Roberts Road, Eastern Creek ($253 millions) and 6-20 Clunies Ross Street, Greystanes ($76.6 million)

Gavin has focused on building deep relationships with his clients, providing the latest in-depth information about logistics markets across Australia, which in line with his extensive track record, has seen Gavin achieve record-breaking results for his clients.

Gavin is a long-standing member of the Colliers team, having joined in 2000 as a graduate valuer. Gavin commenced with Colliers as part of their Scholarship Program and he was fortunate to work across multiple service lines and locations across Sydney, before settling in the Industrial team in Sydney South in 2001. Over the last 20 years, Gavin has progressed through the industrial business including managing the Sydney South and Sydney South West offices, before moving into the NSW State Product Director for Industrial in 2010.

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Sean Thomson

Director, Industrial Capital Markets | Industrial


Sean Thomson works for Colliers International as Director of Industrial Capital Markets, Australia, where he specialises in the sale of industrial & logistics assets nationally.

Sean works alongside Gavin Bishop (Head of Industrial Capital Markets, Australia) on a day-to-day basis and holds excellent relationships across a broad spectrum of corporate, private, institutional and international investors.

Having been involved in excess of $14.0 billion of strategic valuation advice, his experience and understanding of the levers which can best maximise value together with the capital markets team’s track record, is integral in achieving the strongest possible result for his clients.

Sean has been involved in many large-scale portfolio divestments including:

  • Qantas Portfolio ($802 million)

  • The Super Core Logistics Portfolio ($186 million)

  • The Greenlit Brands Portfolio ($171 million)

  • Calibre, Eastern Creek ($130 million)

  • The Kaufland Portfolio ($129 million)

  • The AMP Portfolio ($105 million)

Sean holds an unmatched track record in divesting major distribution centres including:

  • The Fairfield Distribtuion Centre ($200 million)

  • Toyota South Sydney ($171 million)

  • 884 Mamre Road, Kemps CReek ($125 million)

  • 59 Lockwood Road, Eastern Creek ($107 million)

  • 37-39 Wentworth Street, Greenacre ($100 million)

  • 1 Eucalyptus Place, Eastern Creek ($91 million)

  • 342 Hammond Road, Dandenong South ($87 million)

Sean has focused on building deep relationships with key global institutional clients, providing the latest in-depth information about the logistics market across Australia, which in-line with his extensive track record, has seen him achieve record-breaking results for his clients.

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David Hall

National Director | Industrial

Sydney West

David is a National Director – Industrial at Colliers International and also holds the role of Director in Charge for the Sydney West Industrial department. Based in Parramatta, David's team of thirteen agents is one of the largest and highest performing teams in Australia.

Since joining Colliers' in 2016, David’s specialisation is within the key Western Sydney markets, with a heavy focus on large transactions of land, development projects as well as large leasing appointments and corporate mandates.

With an enterprising attitude, David brings a wealth of experience and creative thinking to some of the more challenging industrial property solutions, accelerating the success of his clients.


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