Logistics group leases 41,000 sqm warehouse
Icehouse Logistics Group, or IHL, has committed to one of the larger buildings at Fraser Property Industrial’s 112 hectare Eastern Creek Business Park.
The distributor has leased all 41,401 square metres of 21 Kangaroo Avenue, being offered in pieces from 6948 sqm.
The initial term is 10 years.
TTI was the former occupier.
IHL to consolidate
IHL will consolidate from several New South Wales locations.
It has also rented a FPI owned asset in Victoria since 2023.
The Eastern Creek facility is zoned for 24/7 operation.
Accessed from 13 recessed loading docks, it includes energy efficient sensor lights, transparent roof sheeting and an ESFR sprinkler system.
The Green Star Performance rating, issued by the Green Building Council of Australia, is 4-star.
There is also an outdoor breakout area.
CBRE’s Moshe Greengarten, Shaun Timbrell, Cameron Grier and John Micallef were the agents.
The asset is held by the Frasers Logistics & Commercial Trust.
Eastern Creek is about 35 kilometres west of Sydney’s CBD.
Elsewhere in the suburb, Woolworths in 2024 committed toa 93,000 sqm complex – the Sydney Chilled and Fresh Distribution Centre – being delivered by Charter Hall.
Also today we are reporting Mapletree secured a 30,000 sqm lease of an ex-Coles distribution centre at Brisbane.
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