First Aerotropolis rezoning a win for “dangerously tight” industrial land supply
Media Release (Sydney, Australia) — Leading development industry body, the Urban Development Institute of Australia (UDIA) NSW commends the Department of Planning, Industry and Environment for the release of the first rezoning plans in the Aerotropolis region. The prospect for the Mamre Road precinct to bring future employment land supply is warmly welcomed by UDIA NSW.
“The Western Parkland City requires the creation of 200,000 new jobs over the coming 20 years and the Mamre Road precinct is a vital first step towards employment growth,” UDIA NSW CEO Steve Mann said today.
“This is a much-needed opportunity to unlock thousands of new jobs close to home as the Aerotropolis develops over the coming decade,” he said.
The supply pipeline for industrial employment lands is dangerously tight with UDIA NSW estimating there is only one year of rezoned and serviced land available for development.
“The rise-and-rise of e-commerce will heighten the demand for well-located and serviced land for warehousing and logistics,” said Mann.
The new industrial precinct would see land in Kemps Creek and Mount Vernon rezoned with the potential to provide for 17,000 new jobs across 780 hectares in addition to land for conservation and public recreation purposes.
While the release of new industrial lands is welcomed, the on-going uncertainty on mooted changes to development contributions is a major concern with industrial land between two to three times the price of land in Melbourne and Brisbane we risk losing jobs-creation investment to other states.
It is critically important that the enabling infrastructure to unlock Western Sydney’s employment lands is appropriately planned and delivered.
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