Stockland will develop a $3.5 billion multistorey logistics hub on the site of Kogarah Golf Club in Sydney’s southern suburbs, servicing the transport of goods in and out of Sydney Airport and nearby Port Botany.

ASX-listed Stockland, which is increasing capital deployment into residential and industrial property as it winds back on retail and retirement living, has entered into a joint venture with John Boyd Properties, the owner of the 18.3-hectare site, to develop the 340,000-square-metre facility.