Australian Select Timbers has leased a new warehouse at Salta Properties’ 177-hectare Nexus Industrial Estate in Dandenong South.
The 6975 square metre building, inclusive of a 545 sqm office, is known as 136 Atlas Boulevard and sits at the edge of a holding with a larger factory, being marketed as 85 Portlink Drive.
Colliers International’s James Stott, Gordon Code and Nicholas Tyas found the tenant, which presently trades elsewhere in the suburb.
The AST deal comes a month after Salta and the state government announced construction of a $50 million intermodal facility connected to Port of Melbourne – a plan which has been in the works for about 15 years.
“With businesses reviewing their supply chain like never before as a result of COVID-19, AST strategically identified the future opportunity to reduce container costs whilst creating a more reliable import/export supply chain on top of other ancillary benefits provided by the rail terminal,” Mr Stott said.
“We expect Nexus Industrial Estate to rapidly evolve over the coming months as local and national businesses are now keenly targeting upcoming built form leasing opportunities within the estate”.
Infrastructure work for the first stage of the intermodal project is set to start in early 2021 and take 24 months (story continues below).
Big guns have already been railing to Nexus
Elsewhere at Nexus in Dandenong South (Salta also brands an Altona business park with this name), Bunnings trades from a 40,000 regional distribution centre while Woolworths rents one worth $215m.
Visy Global Logistics and Silk Contract Logistics also occupy factories.
Last year France’s Haloutte Australia Pty Ltd committed to an 8850 sqm facility there.
Cushman & Wakefield’s Andrew O’Connell and Jordie Cassidy with CBRE’s James Jorgensen and David Aiello are marketing 85 Portlink Dve, next door to AST; that property contains a 9339 sqm warehouse and 474 sqm office.