Aldi pre-commits to landmark Melbourne distribution centre
Aldi has pre-committed to a landmark 102,000 square metre high-tech distribution centre in Melbourne.
Charter Hall on behalf of the Prime Industrial Fund (CPIF) will deliver and hold the temperature-controlled facility within the Tarneit Logistics Hub at 1005 Boundary Road.
Launched last year, the estate is master-planned with eight buildings on sites up to 10 hectares.
All properties are designed around hardstand approved for B-Double trucks.
Warehouses have clearance up to 15 metres.
Concrete slabs can handle loads of at least eight tonnes.
Tarneit is about 25 kilometres west of town.
Landmark facility
The Tarneit Logistics Hub will spread 20.92ha.
The Aldi facility, facing Tarneit Rd, will be automated with offices, focusing on environmental sustainability.
At 102,000 sqm, it will be one of the city’s biggest industrial properties; since last year, a 209,000 sqm, four level Amazon distribution centre at Craigieburn has held that title.
For four years prior, the largest was a 100,000 sqm warehouse which started construction planned for Kaufland. Fife Capital paid c$83m for that property prior to completion.
Goodman also recently developed a 115,000 sqm shed at Truganina for Metcash before selling it to Barings and Rest Super.
Aldi recommits to extended Brisbane facility
Also this week, the German supermarket giant recommitted to a Brendale, Brisbane, facility, held by the CPIF (continues below).
As part of that eight year deal, that property will be extended with a 9000 sqm freezer; completion is scheduled June.
Then, it will contain 22,500 sqm.
Brendale is about 20 kilometres north of town.
Also this week in Brisbane’s North Maclean, in the outer south, Amazon secured a site within Charter Hall’s Flagstone Logistics Estate for a 150,000 sqm multi-level fulfilment centre.
Major tenant client
The Tarneit lease commitments will bring the amount of space Aldi rents from Charter Hall’s Industrial & Logistics Partnership to 378,000 sqm.
The bulk comes from a portfolio Charter Hall bought from the supermarket with a leaseback in a landmark $648m deal in mid-2020, then added to six months later, spending another $281.4m.
Factoring in retail assets controlled by the asset manager, Aldi leases 407,000 sqm across 27 addresses.
“As demand for industrial and logistics space continues to outpace supply, it’s increasingly difficult for businesses like Aldi to be able to secure large scale sites that allow for automation while also having proximity to major infrastructure and metro areas, enabling effective cost management and supply chain efficiency,” Charter Hall Industrial & Logistics chief executive officer, Richard Stacker, said.
“The expansion of our partnership with Aldi reflects the strength of our relationship and the value that our scale and national footprint provides our tenant customers particularly those that are heavily investing in strategic growth across the country,” according to the executive.
“Importantly, by curating a portfolio of high quality, well located best in class assets across the country, we’ve demonstrated our ability to attract, retain and partner with our valued tenant customers as their businesses grow while also delivering sustainable returns for our CPIF investors,” he added.
The deal comes less than a week since we reported Mitsubishi Estate Asia and CPIF would build a 41,000 sqm distribution centre at Laverton North, also in Melbourne’s west, on a speculative basis.
The end value of that asset is speculated to be c$500m.
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