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AMP Capital’s Crossroads Logistics Centre development hits milestones
Investment management
03 July 2018

AMP Capital today announced it had completed its second purpose-built facility at Casula’s Crossroad Logistics Centre. 

Completed this week is a modern purpose-built Sydney regional office for WesTrac, the Caterpillar dealer for New South Wales, Australian Capital Territory and Western Australia. 

With construction commencing in September 2017, the completed facility includes circa 8,000 square metres of workshop/warehouse and office space, and circa 16,500 square metres of external hardstand for WesTrac, which has a 15-year lease. 

AMP Capital Managing Director, Office and Industrial, Luke Briscoe said: “We are thrilled to welcome our new customer WesTrac to what is an exceptional purpose-built facility in what has now become a leading example of a logistic centre community. 

“Crossroads Logistics Centre represents AMP Capital’s return to industrial development and we couldn’t be prouder of the team’s success, having now committed over 64,000 square metres in two years. 

“We’re focused on creating an environment that delivers an exceptional experience for our customers, their staff and guests. The fully-integrated design process between both WesTrac and AMP Capital before and during construction has been crucial in the ultimate success of the purpose-built facility and our customer-led strategy. 

“With a distinct lack of well-located, serviced industrial land in the south west of Sydney, AMP Capital is responding to customer demand for high quality industrial and logistics facilities in this growth precinct,” Mr Briscoe said. 

“Crossroads Logistics Centre represents AMP Capital’s return to industrial development and we couldn’t be prouder of the team’s success."

Responding to customer demand was a common theme on this project with WesTrac NSW/ACT Chief Executive, Greg Graham saying, “The decision to move our Parramatta operations to AMP Capital’s Crossroads Logistic Centre places us closer to more of our customer base, giving us a greater ability to serve and respond to our customers’ needs. 

“Casula’s location also provides WesTrac with an enviable position central to infrastructure construction activities in the western Sydney growth corridor and the site is well positioned for our 150 staff members to take advantage of the local services and activities,” Mr Graham said. 

In addition to WesTrac joining Crossroads Logistics Centre, Versiclad, an Australian owned manufacturing business, have also committed to 4,500sqm on a 12-year term at the precinct.  Construction of the purpose-built facility will begin in the coming weeks. 

Crossroads Logistics Centre is strategically located in the south-west growth precinct and offers unparalleled proximity to major arterial roads, ports, the proposed Moorebank Intermodal Terminal and Sydney and Badgerys Creek airports, with direct access from Sydney’s M5 Motorway. 

Crossroads Logistics Centre is owned by investors in the AMP Capital Diversified Property Fund (ADPF) and once complete will accommodate approximately 80,000 square metres of high quality warehouse and office space across three separate precincts. 

Following these development milestones, and the completion of 12,500 square metre distribution centre and showroom for Cosentino Tiles in May 2017 and 22,900 square metre facility for Electrolux Home Products due for completion in August, there is only one last remaining lot, Precinct B.