Volvo Group Australia secures facility development in Sydney

Logistics property specialist, LOGOS, has announced that it will develop a purpose built, multi-branded truck facility at its Prestons Logistics Estate in Sydney for Volvo Group Australia.

The pre-lease to Volvo Group Australia marks the second stage of development works at the Prestons Logistics Estate; a 25-hectare site located in the established logistics precinct of Prestons in south west Sydney. LOGOS acquired the site in mid-2016 and immediately commenced the development of two warehouse distribution facilities for Toll Transport (Toll), spanning over 65,000 square metres.

The Volvo Group Australia facility will have a total lettable area of approximately 29,300 square metres including heavy duty hardstand areas and will incorporate 40 heavy-vehicle workshop bays, sales offices, a drive through truck wash bay and truck parking. The facility will play an important role in servicing Volvo Group Australia’s customers across their Mack, UD, and Volvo truck brands in the Sydney region, with its state of the art workshop and parts warehouse. VGA has committed to an initial 10-year lease term on the facility, with construction expected to complete in the third quarter of 2018.

“We are very pleased to be welcoming Volvo Group Australia to the Prestons Logistics Estate and developing their new truck facility in Sydney,” said LOGOS Joint Managing Director, John Marsh. “The Estate provides VGA with excellent transport access to the M5 and M7 motorways to support their wide spanning Sydney operations.”

The Prestons Logistics Estate is one of a number of prime development sites owned by LOGOS Australia Logistics Venture (LALV), a partnership established in late 2014 between LOGOS and its capital partner to acquire and develop prime, logistics estates across Australia. LOGOS’ Australian development pipeline now stands at $1.9 billion across New South, Victoria, Western Australia and Queensland.

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