LOGOS has announced it has entered into an agreement to acquire a strategic asset in Truganina, one of Melbourne’s prime industrial suburbs, via an off market deal. The asset on completion will provide a purpose built facility offering 48,770sqm of GLA for an initial ten year term. The deal is anticipated to complete in early 2020.
Located at 30 Logistics Drive, the 8.5 hectare property benefits from direct access to Melbourne’s key arterial road networks, including the Princes Highway, West Gate Freeway and Western Right Road.
“The Melbourne logistics market continues to perform strongly and we are pleased to be able to strengthen our foothold in this strategic market. LOGOS’ Melbourne portfolio now stands at circa 350,000sqm with an additional 27 hectares of development land at our Truganina Logistics Estate. We are a strong advocate of the benefits that western Melbourne provides Victorian and Australian supply chains and are confident we will see strong rental growth and tenant demand over the coming years in this area as a result of the diminishing supply of available zoned and serviced land,” Darren Searle, LOGOS’ Head of Australia and New Zealand said.
Truganina is a well-established industrial suburb which includes facilities for a number of large format logistics operators, including FMCG/Supermarket operators, e-commerce operators and 3PL groups.
LOGOS’ Australian portfolio, which spans New South Wales, Victoria, Queensland and Western Australia, has a target end value of over $4.2 billion.
Mirvac has celebrated the official opening of its logistics hub Calibre, in Eastern Creek, Western Sydney. Calibre’s 22-hectare site includes a mix of flexible warehousing, A-grade office space and advanced specifications with 110,000sqm of floor space across five buildings. Ideally placed to cater to logistics, warehousing and manufacturing companies, Mirvac secured premium brands CEVA Logistics, Miele, Pet Circle, Sheldon & Hammond and ACFS e-Solutions at Calibre, with the Estate 100 per cent leased ahead of its practical completion. “At Calibre we’ve elevated the standard for industrial and warehouse facilities in Sydney with our focus on quality, functionally and flexibility which will futureproof the estate for years to come. Mirvac drew on its uniquely integrated business model and cross-sector experience to bring the best of office and residential design to an industrial asset, to exceed customer and industry expectations,” General Manager, Industrial at Mirvac, Richard Seddon said. Treasurer of NSW, The Hon. Dominic Perrottet MP, said the logistics hub was boosting employment in Western Sydney creating hundreds of jobs during construction and on a permanent basis. Mirvac Group said approximately 450 construction jobs were generated during the development phase with 480 permanent jobs resulting. Displaying best practice design and sustainability, Calibre has energy efficient lighting, rainwater harvesting, photovoltaic solar, cyclist and end-of-trip facilities and 100 per cent natural lighting to reduce energy bills and create savings for customers. Operating 24 hours a day, 7 days a week, Calibre is located at 60 Wallgrove Road, Eastern Creek at the centre of Australia’s national supply network within the Eastern Creek logistics hub.
Colliers International has appointed industry professional Monica Velez to head up the company’s inhouse logistics and supply chain consulting service. Ms Velez is based in the Sydney CBD office and joins Colliers International from Asahi, where she was the company’s supply change transformation manager for just over two years. She spent the previous five years working at CEVA Logistics in a variety of roles. “We are thrilled to welcome Ms Velez to Colliers International to lead our logistics and supply chain consulting specialisation, building on our extensive expertise for industrial occupiers,” said Doug Henry, managing director of occupier services at Colliers International. “Over the past 18 months, the Australian industrial landscape has changed significantly, with increased real estate prices, upward pressure on rent and the entry of global players, such as Amazon, into the local market. Now more than ever, organisations must look at their supply chain network and identify where the gaps and opportunities lie.” “I am excited to join Colliers International and work with industrial clients to ensure they continue to achieve elevated portfolio optimisation and maximised efficiencies,” said Monica Velez. “As the industrial landscape becomes increasingly dynamic, a strong logistics capability is essential for occupiers to increase optimisation, productivity and speed to market,” Ms Velez said.
Amart Furniture has signed a 10-year lease agreement with Goodman Group to build the distribution centre in the Connectwest Industrial Estate on Logistics Drive, Truganina, which will have an end value of $65 million. TM Insight worked with Amart Furniture to secure the deal. The purpose-built facility at Truganina will provide a modern workplace for the Amart team, improve quality and service for Amart customers and will accommodate the company’s anticipated future growth when it opens in the first half of 2020. Amart Furniture CEO Lee Chadwick said the new 48,770sqm custom-designed distribution centre would replace an existing cluster of warehouses in Somerton. “The new distribution centre will provide a modern, safe and flexible workplace for our warehouse team,” Mr Chadwick said. “This was one of our top priorities when designing the facility.” Customers will also benefit from the contemporary distribution centre with Amart Furniture COO Scott Pears citing the potential for more efficient service and faster delivery times. “The new Truganina distribution centre will streamline our supply chain network in Victoria and enable us to continually improve quality and customer service,” Mr Pears said. “This modern and consolidated design will allow for direct-to-customer deliveries, from either in-store or online purchases.” A comprehensive review process was undertaken at the start of the project in partnership with property and supply chain firm, TM Insight, to evaluate Amart Furniture’s current conditions and operations, design a leading-edge supply chain solution and select the best location for development. TM Insight Director Travis Erridge said “This review informed the design of the new facility, which will optimise operations into one location, propelling Amart’s supply chain into the next generation.” When complete, the Truganina distribution centre will have a significant expanse of racked storage locations to house an extensive range of product types and sizes; a drive-around design with dual loading faces; a mix of recessed loading docks and on-grade roller doors; and a cross-docking facility design with two large staging areas for inbound and outbound freight.
Amart Furniture has signed a 10-year lease agreement with Goodman Group to build a new distribution centre in the Connectwest Industrial Estate on Logistics Drive, Truganina, which will have an end value of $65 million. TM Insight worked with Amart Furniture to secure the deal.
The purpose-built facility at Truganina will provide a modern workplace for the Amart team, improve quality and service for Amart customers and will accommodate the company’s anticipated future growth when it opens in the first half of 2020.
Amart Furniture CEO Lee Chadwick said the new 48,770sqm custom-designed distribution centre would replace an existing cluster of warehouses in Somerton.
“The new distribution centre will provide a modern, safe and flexible workplace for our warehouse team. This was one of our top priorities when designing the facility,” he said.
Customers will also benefit from the contemporary distribution centre with Amart Furniture COO Scott Pears citing the potential for more efficient service and faster delivery times.
“The new Truganina distribution centre will streamline our supply chain network in Victoria and enable us to continually improve quality and customer service. This modern and consolidated design will allow for direct-to-customer deliveries, from either in-store or online purchases,” Scott said.
When complete, the Truganina distribution centre will have a significant expanse of racked storage locations to house an extensive range of product types and sizes; a drive-around design with dual loading faces; a mix of recessed loading docks and on-grade roller doors; and a cross-docking facility design with two large staging areas for inbound and outbound freight.
Property development company LOGOS has acquired an additional two hectares of land adjacent to its Prestons Logistics Estate in south west Sydney and is developing a new 14,800sqm facility for Toll Group on the site. The new facility takes Toll’s total gross lettable area (GLA) on the extended estate to 80,000sqm, with a weighted average lease term of 10 years. LOGOS acquired the initial 25 hectare site in 2016 securing a pre-commitment from Toll for the development of two state-of-the-art logistics facilities with a total GLA of 65,000sqm. The facilities were completed in the first quarter of 2107. The additional land and new Toll facility allows LOGOS to further enhance Prestons Logistics Estate, which on completion will offer a total GLA of 141,000sqm and be valued at circa $300 million. Global head of property at Toll Chris Noble said: “We currently have two successful facilities at Prestons and are pleased to have the opportunity to service another customer on this estate. LOGOS’ development capability, ongoing asset management and the Estate’s premier location meant this was perfect choice for Toll and our customer”. Toll joins Volvo Group Australia at the Prestons Logistics Estate, with LOGOS to finalise details for the remaining 65,000sqm of land over the coming months.
Universal Robina Corporation-owned Snack Brands Australia has committed to both a pre-lease facility and adjacent land sale for a site area of 10.42 hectares in Erskine Park with Altis. This new commitment as part of their supply chain transformation with consultancy firm TM Insight, is one of the largest industrial property deals in the last 12 months. The 30,255 square-metre pre-lease facility, located on First Estate Mamre Road Erskine Park, will be situated on land four times the size of the Melbourne Cricket Ground and have an end value in excess of $400 million. The new state-of-the-art distribution centre will transform the supply chain network for the iconic snacks company whose brands include CC’s, Thins, Kettle, The Natural Chip Company, Cheezels and Jumpy’s. The pre-lease facility will comprise a significant 35-metre high-bay section to the building and is being developed with leading-edge technology to create an automated warehousing and distribution system. Supply chain director at Snack Brands Neville Tapp said: “This facility will support our growth strategies and enable us to enhance our customer service at the lowest possible cost. We are excited about working with Altis and the team at TM Insight to deliver this project over the coming years.” Global supply chain and property consultancy TM Insight worked alongside Snack Brands in the development of the concept plan for the new site. After understanding the business case metrics, TM Insight ran the property procurement process and will be project managing the delivery of the new facility. Director of TM Insight Travis Erridge said: “This is a significant step forward for Snack Brands in efficient operations for its customers. “Snack Brands is investing in its future with a world class facility and has looked at all options to determine the best solution that meets both their current and future distribution requirements. Property specifications were found on the back of a robust business case and operational design completed inhouse. “TM Insight developed the business case, ran the property procurement process and will also project manage the build. This end-to-end service ensures Snack Brands have a partner throughout the process that will make certain the facility is delivered to its highly technical specifications with the integration of automation in the building structure,” he said. Stage one of the development will be operational in Quarter 4 2020.
Western Sydney Airport has appointed Architectus to plan a business park on a dedicated 191-hectare parcel of airport real estate. The business park will offer the opportunity to integrate office, retail, industrial, hotels and conference facilities within 1.5 kilometres of the airport terminal. “There will be opportunities for businesses to be at the terminal’s doorstep at what will become Australia’s largest international gateway. When the Airport opens in 2026, it will be built for 10 million passengers a year, but we’ve got a blueprint for staged growth to become one of the world’s biggest airports in the decades to follow and our business park will be a key feature,” Graham Millett, CEO, Western Sydney Airport said. Graham said he expects interest in the Airport’s business park to come from a range of different industries. “Consultants, tech companies, defence and aerospace, airlines and pharmaceutical are just some of the industries that would enjoy considerable advantage being located at the Airport’s front door,” he said. Master planning work on the Airport business park is expected to be complete in mid-2019. Work to build Western Sydney Airport began in September, with the business park set to open before Airport operations begin in 2026.
Frasers Property Australia has settled on a 63.4 hectare prime industrial land parcel valued at approximately $40 million. It is located in Melbourne’s northern suburb of Epping.
Situated at 410 Cooper Street, the property stretches through to O’Herns Rd in the north and is abutting the Hume Freeway. It will be located between two full diamond interchanges, allowing unparalleled access to Melbourne’s northern suburbs.
“The Epping acquisition is a significant strategic purchase for the business and will further strengthen our position as one of the leading providers of prime industrial product in Melbourne. It also compliments Frasers Property’s other well-located industrial land holdings in Melbourne’s south east and west.,” Anthony Maugeri, General Manager Southern Region of Frasers Property Australia’s Commercial and Industrial division said.
The new site will accommodate up to 250,000 sqm of built form, enabling Frasers Property to service existing and new customers.
Neighbouring properties to Frasers Property’s Epping land parcel include Melbourne’s Wholesale Fruit and Vegetable Market and large land occupiers such as Mainfreight, Mission Foods, Chemist Warehouse, Visy, Coles, Bluestar Logistics, Linfox and Toll.
Vaughan Constructions has completed the $55 million, 81,000sqm Hammond Business Park at Dandenong South with a deal worth more than $8.5 million to construct a new purpose-built facility for promotional products supplier Dex Collections. The completion of the estate came with a flurry of design-and-construct deals negotiated by Vaughans over the last six months on the back of a critical shortage of industrial land and buildings in the south-east industrial market that has driven a significant escalation in land values. Vaughan’s development manager in Victoria Chris Telley said the south-eastern market was experiencing the greatest lack of quality industrial buildings in a decade, a shortage that had been exacerbated by a lack of available land. “As a stronger Victorian economy moves into a higher gear, driving manufacturing and logistics industries, and as residential demand continues to grow and take industrial land, we face even greater shortages – particularly around the key transport nodes and especially along EastLink, and that’s going to mean ongoing upward pressure on land values,’’ Mr Telley said. He said Dex Collections would take advantage of the first rate road transport links that the estate offered with quick access to Eastlink. “The location, together with the modern warehousing facility, should deliver significantly enhanced operating performance across the business,’’ Mr Telley said. The purpose-built facility will comprise 4,905 square metres of office, showroom and warehouse space, concrete hard stand, a loading yard and 74 car spaces on a 13,031 square metre site on the corner of Hammond Road and Rodeo Drive.