South Australian Produce Market is one of the oldest companies in South Australia and offers one of the most well-connected locations in Adelaide. A rare opportunity to occupy a 7,600 sqm cold storage facility has become available adjacent to the market occupying some 27,000 sqm of land. MHD finds out more.
The iconic South Australian Produce Market dates back to the 1880s and is one of the oldest companies operating in South Australia. Boasting intermodal links to all major roads and direct access to regional and interstate road networks to metropolitan Adelaide, the location of the market has served food producers for more than 200 years.
A rare opportunity for a cold chain producer or logistics provider specialising in cold chain to base themselves in this centrally located site which will become available from September this year.
With increased demand for industrial property and in particular from grocery retailers and pharmaceutical suppliers leading to record low vacancy rates in cold storage facilities, facilities such as this one at 51-53 Diagonal Road, Pooraka, South Australia are hard to come by.
“This site provides a future occupier with the opportunity to service Adelaide easily. In terms of the specifics of the building, it’s very rare to find a building of this size available in the market and also even more rare that it is a cold storage facility,” Paul Tierney, National Director – Industrial at Colliers says.
The 7,600 sqm facility was constructed to an exceptional standard. Featuring a standalone modern office accommodation as well as additional two-storey offices inside the warehouse, the warehouse features a mix of ambient warehousing, cold storage and freezer accommodation with outstanding loading and unloading areas.
The head office also provides modern accommodation with a mix of open and individual offices, a boardroom, amenities, kitchen and dedicated sleeping quarters for drivers.
Featuring nine recessed docks, all with new dock levellers, one finger dock with a dock leveller and five at grade loading doors, the facility is fully functional.
“The site also benefits from the opportunity to expand the building by a further 2,000 sqm providing occupiers with future-proofing and growth opportunities,” Steve Smith, Partner at Leedwell says.
Angelo Demasi, CEO at South Australian Produce Market and his team pride themselves on being flexible and supporting the growth of their tenants in the area. “We have more than 300 tenants on site, including more than 50 produce wholesalers, 40 produce growers and a mix of several retailers that lease stands in the market area,” Angelo says.
The site provides direct access to the market, for those wishing to trade there.
“If anyone in the logistics or produce game is looking to establish themselves or expand in South Australia, then this is the facility for them,” Angelo says.
South Australian Produce Market benefits from amenities and community for the local workforce. “There’s not too many places in Adelaide you can get a cup of cappuccino and breakfast at 2am in the morning,” Angelo says.
The location also provides the opportunity for the occupier to connect with South Australia’s largest pool of food producers.
Furthermore, the South Australian Produce Market is a showcase in sustainable practices. Having been the only market in Australia to meet the Paris Accord, by meeting the 30 per cent emission reduction in 2020, the market is dedicated to ensuring that sustainability is at the forefront of its portfolio.
As one of the first sites to manage power through an autonomous micro grid, Angelo and the team at South Australian Produce Market intend to continue to add value to the area by enhancing the sustainability features.
“We have the ability to engage with industry leading technology to further enhance the sustainability of our site and to ensure that these benefits roll on to the tenants we have here,” Angelo says.
The site also provides a premier location for servicing the final mile. “With regards to internet trading, the last mile is always the most expensive part. Due to its central location, the South Australian Produce Market provides a first-rate opportunity to deliver to metro Adelaide,” Angelo says.
Paul & Steve reiterate this, and talks of the recent commitments and expansions in the area by Australia’s largest grocery retailers. ALDI, Woolworths and Metcash have all built new or expanded their distribution centres in the area because of its location, and proximity to major road infrastructure, they both say.
To find out more about the opportunity, contact: Steve Smith Partner – Leedwell or Paul Tierney National Director – Colliers International.