Frasers Property Industrial, alongside Sydney fund manager Altis Property Partners, has broken ground on a logistics estate in western Sydney with an end value of more than $1 billion, reported The Urban Developer.
The site, which occupies 649-763 Mamre Road in Kemps Creek, southeast of Penrith, lies within the rezoned Mamre Road Precinct, which is set to become an 850-hectare (2,100-acre) warehousing industrial hub.
