Centennial fills Adelaide distribution centre
Centennial has found two tenants to fill the ex-Custom Coaches manufacturing and maintenance plant, which it is repurposing as a $30 million distribution centre, in Adelaide’s north west Royal Park.
Daikin will take the biggest piece – 7580 square metres – for an initial 10 years.
With the agreement, the air conditioning giant will consolidate from several metropolitan locations.
The tenancy will be fit out with a showroom, training facility and offices which will act as its state sales and service centre.
Part of the warehouse, meanwhile, will act as its spare parts distribution centre.
Joining Daikin will be Allied Express, which has committed to 5250 sqm for an initial five years.
Royal Park Distribution Centre
Centennial paid KPMG $5.4m in early 2021 for the property it has since branded the Royal Park Distribution Centre.
At 7 Brandwood Street, on the north west corner of Wilson, the 3.112 hectare holding is near Old Port Road, connecting it to Port Adelaide in three kilometres (story continues below).
With full drive around access, the asset includes sealed hardstand.
The warehouses have a seven metre clearance accessed by multiple roller doors.
Custom Coaches used it for manufacturing and bus repairs – prior to the Centennial renovation, it contained multiple inground inspection pits and spray booths.
Given the Employment zoning, the property could also have made way for an office project.
Savills’ Darren Curry and Steve Bobridge brokered the Daikin deal while JLL’s Martin James secured Allied Express.
The property is about 8.5 kilometres from the CBD.
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