Volvo Group Australia has inked a deal to lease a new $35 million company owned dealership and service centre at Prestons on Sydney’s South West edge close to the M7/M5 interchange at the Prestons Logistics Estate.
The new dealership will eventually replace the company’s operation at Chullora but will be an adjunct to the Huntingwood dealership further north of the M4 motorway.
The Volvo dealership will be apart of a logistics estate that the developers say will be worth close to $300 million when fully leased and developed.
The pre-lease to Volvo Group Australia marks the second stage of the 25 hectare site which the developer LOGOS acquired in mid 2016 and is also developing into two warehouse distribution centres for Toll Transport spanning 65,000 sq metres.
The Volvo dealership will cover 29,300 sq metres with showroom, offices and truck service bays servicing. its Volvo, Mack and UD brands. VGA. has committed to a 10 year lease term with construction expected to be completed in there third quarter of this year.
Volvo Group Australia president and CEO, Peter Voorhoeve said the Estate is an ideal location for Volvo Group Australia to house our new,larger, multi-branded truck dealership and workshop given the proximity to key arterial motorways.”
Volvo Group is also currently awaiting the completion of its new $30 million corporate headquarters in the Metroplex Westgate business park next to the Ipswich Motorway, which the company is expecting to move into around June or July this year.
Volvo says the new HQ development in Queensland will be at the forefront of green building technology using solar power, LED lighting and rainwater harvesting, The company says the energy-efficient facility will also include a new paint and panel workshop and it is believed similar levels of environmental stewardship will be on display at the new Sydney operation.