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Six new leasing deals across Victorian properties

leasing deals

Frasers Property Industrial has announced six new leasing deals on its managed assets in Victoria, including two major assets inside the Melbourne Airport Business Park.

28-32 Sky Road, Tullamarine has been leased to multi-disciplinary construction company, BESIX Watpac. The company will use the 12,086 sqm facility for a three-year term as a headquarters to support its construction of a neighbouring 60,000 sqm vaccine manufacturing facility for the world’s second largest influenza vaccine provider, Seqirus. Seqirus is establishing an $800 million manufacturing facility on the adjacent site that will be the only cell-based influenza vaccine manufacturing facility in the southern hemisphere.

25-29 Jets Court, Tullamarine has been leased to pillow and quilt manufacturer, John Cotton for a four-year term. The 10,245 square metre facility will support that company’s Australian operations. John Cotton has been manufacturing in Australia since 1956 and around 90 per cent of its products are Australian made.

18-34 Alyesbury Drive, Altona – a 9,077 square metre facility has been leased to Samsung Australia for a three-year lease term. This marks Frasers Property Industrial’s first lease with the technology leader and top 10 global brand.

2-22 Efficient Drive, Truganina – Family-owned major homewares provider, Bambis, has leased an 11,417 square metre facility for a five-year term. Bambis owns well-known homewares brands including Salt&Pepper, Curtis Stone, Four Walls and Homedesign.

78-88 Atlantic Drive, Keysborough – AutoPacific Group, a designer, manufacturer and distributor of custom engineered towing, trailering and cargo management, has leased a 6,706 square metre warehouse facility. This extends AutoPacific Australia’s footprint at The Key Industrial Estate with the group already occupying a purpose-built facility ay 49-71 Pacific Drive.

8-28 Hudson Court, Keysborough – Major sporting goods provider Russell Athletics has committed to a 7,283 square metre facility. The facility will be used as a Sherrin manufacturing plant and distribution centre.

Andrew Caldwell, General Manager, Asset Management at Frasers Property Industrial says Victoria’s seeing incredibly tight vacancy rates across the industrial and logistics sector and this is driving strong demand for quality warehouse and distribution facilities in strategic locations.

“Our recent deals with BESIX Watpac, Samsung, AutoPacific Group, John Cotton, Bambis and Russell Athletics within a short time period are reflective of this level of demand, the quality of the assets we have under management,” he says. “It’s particularly encouraging to be able to continue long-term relationships with customers like AutoPacific Group as well as to begin new partnerships.”

The above leasing deals are managed by Frasers Property Industrial for Singapore-listed Frasers Logistics & Commercial Trust (FLCT).

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