New VIC facility for CTI Logistics

Western Australia–based company CTI Logistics has moved its Laverton North presence to a new 15,228sqm distribution centre in West Park Industrial Estate in Truganina, west of Melbourne.
The facility comprises a 14,758sqm warehouse and a 470sqm office.
The company’s warehouse was jointly developed alongside a new purpose-built distribution centre for tile and stone importer National Tiles. Frasers Property Australia, the property group behind the West Park Industrial Estate, reports that the combined end value of the facilities is $33.5 million.
Anthony Maugeri, General Manager – Southern Region, Frasers Property Australia, said: “This deal further supports our strategy to create prime A-grade speculative facilities in select undersupplied markets near major infrastructure nodes. We have a strong track record in leasing these types of buildings to blue-chip tenants on long-term leases.
“CTI has been in operation for over 40 years. The new facility will help the business service their growing customer base across Australia and will also offer significant operational efficiencies.”
Companies located in West Park Industrial Estate include CEVA Logistics, Schenker, Toll, Goodyear, Mitre 10 and Australia Post.