Multinational manufacturer Techtronic Industries has inked the first major deal at Western Sydney’s new $1 billion precinct, The YARDS, for a $188 million to a state-of-the-art distribution facility.
TTI’s deal at The YARDS marks the first major pre-commitment in the wider Mamre Road Precinct, 850 hectares of land recently fast-tracked for industrial development by the NSW Government.
TTI is a fast-growing worldwide manufacturer of hand and power tools, accessories and floor care products, with worldwide brands such as Milwaukee, Ryobi, AEG and Hoover. The company will consolidate its two existing facilities in New South Wales into a 73,920 sqm premium distribution centre at the strategically located industrial precinct.
“We are continuing to expand rapidly and need a new facility to support our future growth,” says TTI Australia and New Zealand’s chief operating officer Grant Edhouse.
“By consolidating our existing sites into this new state-of-the-art distribution centre, we will be able to meet our future needs, while optimising our supply chain.”
Ian Barter, Frasers Property Industrial’s general manager, says The YARDS is a “next generation industrial community” with “sustainability, wellbeing and technology” at its heart.
TTI’s facility “will showcase the next level of sustainable industrial development, matching 6 Star Green Star initiatives with unprecedented tenant amenity,” Altis director Shaun Hannah adds.
The development promises to provide a significant boost to the Western Sydney economy, generating 3,500-plus jobs during construction and after completion.
Alek Misev, Aware Super’s portfolio manager, says The YARDS “helps to cement Western Sydney’s future as a true growth hub in NSW”.
Business transformation consultancy TMX secured the 10-year lease term for TTI after designing the future facility and procuring the property solution and internal fit out. TMX will now manage the delivery of the new purpose-built solution through to operations.
TTI’s site at The YARDS is expected to be operational in July 2022. Construction of the precinct recently commenced in April 2021.