)
The site of the former Kogarah Golf Club next to Sydney Airport will be developed into a $3.5 billion multi-storey logistics hub as part of plans announced by a new joint venture created by Stockland (ASX: SGP) and John Boyd Properties, following a recent rezoning of the land by the NSW Government.
Works on the precinct are expected to start in 2027 if all relevant planning and internal approvals are received, with the project to be delivered over multiple stages.
The developers aim for the 18.3-hectare site to be redeveloped into a precinct with 340,000 square metres of floor space designed for aviation-linked logistics, high-value freight like medical, technology and perishable goods, and last mile distribution.
The site is strategically located adjacent to Sydney Airport and close to Port Botany – two of Australia’s most critical infrastructure gateways – as well as major arterial roads including the M1, M5, M8 and the future M6.
Developers claim the project will facilitate the construction of Pemulwuy Park, a 14-hectare public park to be delivered by Bayside Council and an active transport corridor along the Cooks River.
The JV partners anticipate the project will generate 4,500 direct and indirect jobs once the precinct is in operation.
Stockland managing director and chief executive officer Tarun Gupta says the site presents a unique opportunity to create a landmark logistics precinct that will transform the freight and logistics sector in NSW.
"Our partnership with John Boyd Properties is focused on creating a state-of-the-art logistics hub that drives investment, jobs, and productivity outcomes to position Sydney as a global trade gateway location," Gupta says.
"The project will demonstrate how multi-storey logistics facilities can generate significant economic outcomes by better servicing freight infrastructure, major road networks and transport links, in turn attracting domestic and global freight and supply chain operators to the precinct.
Gupta says a modern and robust freight system that supports population growth while balancing sustainable operations is "critical to our economy".
"The unlocking of this site by the NSW Government helps to address Sydney’s growing need for industrial land in a location with immediate connectivity to air, sea and road networks, maximising the efficient flow of goods around the state," he says.
John Boyd Properties director John Boyd says the partnership brings together both companies’ deep expertise to deliver on the vision for the city-shaping logistics precinct.
"Together, Stockland and John Boyd Properties have extensive experience in owning, funding, developing and managing property, and our expertise enables us to create an economically significant logistics precinct near Sydney Airport," Boyd says.
"This is a project that will carry a strong legacy and capitalise on Sydney’s growing trade volumes, increased e-commerce activity and demand for sustainable, high-performance logistics assets.
"The proposal is well positioned to attract premium domestic and global tenants, solidifying the precinct’s ambition to set a new benchmark for design and delivery.”
Bayside Council Mayor, Councillor Edward McDougall, says it is encouraging to see a positive step forward for the former Kogarah Golf Club site.
"This proposal represents a fresh chapter for Bayside – one that brings significant job creation and economic opportunity to our city while unlocking the potential of a long-stalled site," he says.
The project is supported by the Commonwealth Bank of Australia (CBA) which acted as sole underwriter.
"This multi-tranche loan facility demonstrates our ability to structure bespoke solutions driven by client needs, aligning with Stockland’s strategy, while enhancing our exposure to high-quality logistics assets in a strategic location adjacent to Sydney Airport and Port Botany," says CBA's head of real estate, institutional banking and markets, George Vallas.
The new logistics precinct is expected to incorporate solar power, energy efficient design features, and EV charging infrastructure, as well as adapt to evolving freight trends like automation, robotics and AI-driven warehouse management.
)
