Norton Rose Fulbright has advised Qube Holdings Limited and related entities on its agreement with Target Australia for the development and leasing of a new purpose-built warehouse and office facility at Moorebank Logistics Park in NSW
The new Target facility is due for completion in early 2019 and the term of the lease is for 10 years plus options.
Moorebank Logistics Park will be the largest intermodal logistics precinct in Australia. The intermodal facility will substantially alleviate increasing congestion at Sydney’s major sea port at Port Botany and surrounding road network and deliver substantial economic benefits to NSW.
The firm also assisted Qube in reaching agreement with Target Australia for the provision of logistics services from Port Botany to the Moorebank site for five years plus options, which when combined with the lease for the premises will provide a fully integrated warehousing and logistics solution for Target Australia.
The development received planning approvals from both the NSW and federal governments between 2014 and 2016 and works began in August 2016 to prepare the site for construction. The freight precinct will include the development of 241 hectares of land in Sydney’s western corridor to process initially 250,000 and ultimately more than a million import-export freight containers per year. It will also process up to an additional 500,000 domestic freight containers and contain up to 850,000m2 of warehousing.
Norton Rose Fulbright advised with a team led by Peter Trevaskis (Picture) and including Aaron Anderson, Keira Brennan and Mitchell Mathas.
Involved fees earner: Peter Trevaskis – Norton Rose Fulbright; Deanne Ogilvie – Norton Rose Fulbright; Aaron Anderson – Norton Rose Fulbright; Keira Brennan – Norton Rose Fulbright; Mitchell Mathas – Norton Rose Fulbright;
Law Firms: Norton Rose Fulbright;
Clients: Qube Holdings Ltd.;