Stockland has accepted Australian and New Zealand fashion retailer, Glassons, as the first tenant to move into its first multi-storey logistics facility, Stockland Momenta.
Located within the south Sydney industrial precinct in Banksmeadow, Stockland Momenta is part of the property development company’s $1.6 billion national logistics development pipeline.
According to Stockland Head of Logistics Development, Craig Lenarduzzi, Stockland Momenta is just one of the pipeline’s projects which are designed to meet demand for quality logistics hubs in Australia’s growing cities.
“Our logistics assets cater to the key demand drivers of population growth, freight volumes, and retail and e-commerce, and are close to major consumer markets, infrastructure and employment,” Lenarduzzi said.
“With its prime inner-city location at Banksmeadow, Momenta boasts good access to Sydney’s road, rail and port network, and is close to end users for the efficient delivery of goods and last-mile delivery.”
Once complete in early 2026, Stockland Momenta will comprise two storeys of warehouse space with each level accessible to B-doubles.
Glassons will occupy the site’s second storey, which spans around 7,800 square metres, for an initial six-year period.
It will reportedly benefit from the facility’s proximity to Sydney Airport, Port Botany, major transport corridors, and the Sydney CBD which is around 11 kilometres away.
Glassons Head of Property and Logistics, Sam Glasson, said it is critical for multinational businesses to have modern logistics facilities in central infill locations to meet customer needs and drive business success.
“As we organically grow our bricks and mortar and e-commerce business in Australia, it’s vital that we future proof our distribution capacity to service our store network and online customers efficiently,” he said.
“Stockland Momenta’s strategic location means we are close to Sydney’s major transport hubs for efficient delivery, and the building’s sustainable design features reflect our own commitment to improving sustainability in all areas of our operation.”
Redevelopment of the site is continuing simultaneously.
The facility was previously a distribution centre for Smeg – the appliance company has since relocated to an expanded premises at Stockland’s Ingleburn Logistics Park.
