Charter Hall Group (Charter Hall or the Group) is pleased to announce that its Charter Hall Core Logistics Partnership (CLP) has reached practical completion on its first multi-level warehouse known as Ascent on Bourke in Alexandria, Sydney.
Positioned on a high-profile intersection at Gardeners Road and Bourke Road Alexandria, Ascent on Bourke is minutes from the WestConnex M8, Sydney International Airport, Port Botany and the arterial road network, and within a 60 minutes’ drive to over 90% of the Sydney metropolitan population.
The development comprises nearly 26,000sqm of logistics space across two levels, including 5,000sqm of A-grade office and wellbeing amenity, and was delivered by building partner FDC.
Ascent on Bourke is already 90% pre-leased, with Schindler and Coles Group two of its pre-committed tenant customers, building on existing partnership relationships. Only one tenancy of 2,097sqm, plus 600sqm of CBD-quality office space, remains.
Charter Hall Industrial & Logistics CEO, Richard Stacker, said, “The demand for efficient and strategically located warehousing has never been greater. The completion of our first multi-level warehouse, Ascent on Bourke, marks a shift in the logistics sector, by offering new levels of efficiency and space optimisation in highly land constrained markets.”
You can now read the full whitepaper at the link below
