Western Sydney. Demand remained strong

Colliers International Sydney Industrial Research and Forecast report for first half 2011, said leasing demand, in Western Sydney, has continued to remain strong over the past six months especially from distributors and importers who are increasing stock on hand to take advantage of the strong Australian dollar with the majority of demand being for quality existing freehold space. Speculative development has slowly started to return to Western Sydney with DEXUS, Australand and Goodman all looking to take advantage of the lack of prime grade space.