Colliers’ Nick Saunders and Charlie Woodley on behalf of Centuria have secured a five-year lease to DGL Group and achieved a strong annual rental rate for the western Melbourne asset.
The 60 Fulton Drive property in Derrimut comprises a 12,029 sqm modern industrial office and warehouse, sitting on a rare low coverage site of 25, 335 sqm.
“The building improvements features internal separation, which was particularly attractive to the new tenant as it will allow DGL Group to run their two separate businesses DGL Warehousing and Distribution and DGL Manufacturingunder the same roof,” says Nick Saunders, Colliers’ Industrial National Director.
“The low site coverage and great truck access were highly sought-after attributes, along with drive-around access, a mix of on-grade and recessed loading docks and a large super-awning at the rear spanning 1547 sqm.”
The Centuria-owned and managed asset is situated within the highly-sought-after Derrimut Industrial Estate, which is home to multinational organisations such as Aldi, Mercedes-Benz, and Asahi Beverages.
“The property is strategically located to other manufacturing and storage warehouses owned and leased by DGL in the immediate area,” adds Brendon Stewart, Commercial Asset Manager at DGL Group.
“The warehouse will play a pivotal role in enabling DGL to meet the ever-increasing demand of our customers and DGL’s future growth aspirations.”
Centuria’s Mark Jones General Manager, Victoria says Centuria Capital Group has clustered 55, 884 sqm along Fulton Drive across seven warehouse, and with this transaction, the industrial estate is now boasting 100 per cent occupancy.
Associate Director of Colliers Industrial, Charlie Woodley, notes 75 per cent of the leasing transactions that have taken place this year in Melbourne’s West have been secured by the Transport, Logistics and Retail sectors.
“Melbourne’s West is a key location for several logistics and transport operators as the surrounding infrastructure caters for all forms of vehicle transport and provides easy access to major arterials with both Melbourne CBD, Port Melbourne and Melbourne Airport all about 20 km away.”
For more information on Colliers, click here.