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Woolworths lodges plans for new state-of-the-art facility in western Sydney


Woolworths lodges plans for new state-of-the-art facility in western Sydney
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A surge in online and convenience shopping has underpinned the industrial property sector and companies are looking to expand their presence with investment in new assets.
Deals in the Australian industrial and logistics sector surged 11.5 per cent in 2020, with almost $5.5 billion of assets (worth more than $10 million) exchanging hands last year.
Renders of the proposed Woolworths fresh food distribution centre in Wetherill Park.
Gavin Bishop, head of industrial capital markets at Colliers International, said the strong level of investment came on the back of robust fundamentals within the sector, including e-commerce growth, food logistics and infrastructure investment. ....

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