Centuria locks in Melbourne, Perth industrial tenants

XL Express leased the three Somerton warehouses last offered separately.

Centuria has secured tenant clients on long leases for two warehouses each side of the country.

Centuria has filled one of two Canning Vale warehouses built speculatively.

In the biggest deal, in Melbourne’s north Somerton, XL Express has committed to a 4.4 hectare facility (pictured, top) with 24,349 square metres in three buildings connected by a 5069 sqm breezeway covering some of the 21 access points.

The national transport and third party logistics group has signed up to 24-32 Stanley Drive for an initial 11 years.

The landlord will suffer limited ‘down time’ with the commitment coming before the existing tenancy agreement expires.

CBRE’s Daniel Eramo and Joe Brzezek were the agents.

Somerton is 18 kilometres from the CBD. This site is 150 metres west of the Hume Highway.

Speculative Perth warehouse filled

Meanwhile, ICD Group, will establish itself in Western Australia following the lease of a Canning Vale office/warehouse Centuria built speculatively (story continues below).

ICD Group leased Warehouse B, 204 Bannister Road, Canning Vale.

The US-based alloy and metal specialist group has committed to the 3500 sqm facility, Warehouse B, 204 Bannister Road, for an initial 10 years.

The smaller of two structures on a 2.5ha block with multiple crossovers and full drive around access, it includes a high 13.7m maximum clearance.

Savills’ Alex Yeo and Matthew Hopkins brokered the deal.

The same agents are also seeking tenants for the other (8800 sqm) on-site warehouse, which like ICD Group’s, is 5-star Green Star NABERs rated.

Canning Vale is about 21km south east of Perth.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.