Did you know that there could soon be a new, multi-level warehouse development in Alexandria?
Located at 520 Gardeners Road and named Ascent on Bourke, the development will replace a former hardware and building supplies store as it no longer meets the requirements of modern industrial uses.
Charter Hall, one of Australia’s leading property investment and fund management groups, has received approval to proceed to redevelop a redundant site as a new multi-level warehouse and distribution centre, operating 24/7.
Urbis, a leading planner, stated that the site’s location makes it ideally suited for freight logistics and last-mile facilities, given its strong tenant demand and access to major infrastructure hubs. This is part of a broader trend of increasing demand for logistics facilities, driven by the growth of e-commerce and the need for fast, reliable delivery.
Once operational, Ascent on Bourke should provide 659 jobs, a significant boost to the local economy. The development is part of the Southern Enterprise Area, which has seen progressive renewal over the past 5 to 10 years.
Published 4 April 2023