DIY battle heats up with Woolworths to build Masters store in Marsden Park

The battle for the DIY renovator market has continued with Woolworths securing a site at the Sydney Business Park in Sydney's north-west for a new Masters Home Improvement store.

Woolworths will go head-to-head with arch-rival Coles, which has also secured a site in the business park for a Bunnings DIY store.

IKEA will also build a new store in the business park.

Sydney Business Park is a new master planned 256-hectare commercial precinct located in Marsden Park.

The Masters store will be build as part of the first stage of the development with a 34,923-square-metre site currently under contract to Woolworths.

It will include 13,000 square metres of floor space and stock more than 40,000 products.

“Masters Home Improvement is a fantastic new addition to the range of retailers which will make up one of Sydney’s largest bulky goods retail centres with over 90 square metres of bulky goods floor space,” says Sydney Business Park’s Development Director, Owen Walsh.

“The $102 million upgrade to Richmond Road is progressing quickly with the main entry intersection opening expected to coincide with the completion of the M2 widening works.”

“These upgrades will enhance Sydney Business Park’s access to an even wider catchment of customers and staff,” says Walsh.

Sydney Business Park’s sales and leasing director Matt Foldes says enquiry from purchases and tenants has been strong.

Construction of the Masters store  is expected to start in late 2013, with the store planned to open in late 2014.

Sydney Business Park will have an end value of approximately $2 billion and will take approximately 12 years to complete.

Masters Home Improvement is a joint venture between Woolworths Limited and Lowes Companies Inc.