Tuesday, 22 March 2011

Region. Industrial market recovery

Growth in the logistics sector is underpinning a recovery in the Sydney industrial market according to a CBRE market review which said a range of third-party logistics providers were actively seeking space in Western Sydney, as were a number of larger corporates seeking to streamline their logistics operations. Peter Blade, of CBRE said CBRE industrial & logistics services, said a spate of logistics deals was expected in coming months, with groups such as Toll, DHL and Linfox actively seeking space. In one of the most recent deals NYK Logistics has sub-leased 5370 square metres of warehouse space, at Wetherill Park, to New Food Coatings, at a rental of $92.50 a square metre.

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