- April 1, 2024: Vol. 16, Number 4

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UniSuper, ISPT buy site near Western Sydney airport

by Andrea Zander

UniSuper and ISPT have acquired a 280-hectare greenfield logistics development site, named Burra Park, in a 50-50 joint venture. The site is adjacent to the entrance of the new Western Sydney International Airport (WSA). WSA, which is under construction, will begin 24/7 operations in 2026 and aims to become Sydney’s largest airport.

UniSuper and ISPT plan to progressively develop Burra Park, with the first stages delivering a super prime manufacturing, warehouse and logistics estate of more than 400,000 square metres of gross floor area (GFA) over the next seven years. Eventually, the estate could deliver more than 800,000 square metres of GFA, with occupier demand supported by population growth, ecommerce and the growth in the WSA precinct. The site is poised to accommodate a diverse and complementary range of occupants given the strategic importance of this location. The new estate will aim to achieve carbon neutrality upon completion.

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