Costway sets up in Australia
E-commerce retailer Costway will establish its first Australian distribution centre at a Truganina facility owned by Lendlease.
The tenant is paying a speculated $75 per square metre, per annum ex-incentives for the 18,751 square metre facility on 3.34 hectares at 28-30 Distribution Drive.
The temperature-controlled office/warehouse was purpose-built in 2013 for Toll to distribute Mars chocolate bars – a function now undertaken at a 44,076 sqm building at Charter Hall’s Midwest Logistics Hub, elsewhere in the suburb.
CBRE’s Harry Kalaitzis, Todd Grima, Tom Hayes and Daniel Eramo represented Lendlease which recently acquired two Melbourne industrial investments – at Altona and Altona North – from Mirvac.
Truganina is about 22 kilometres west of the CBD.
Ideal location: agent
Vancouver based Costway offers more than 50,000 household goods.
The agents said the business chose the Distribution Dve property given its racking capacity and 12 recessed loading docks.
“It also provides exceptional access to Melbourne’s major road networks including the West Gate Freeway, Western Ring Road and Princes Freeway,” Mr Kalaitzis added.
“This facility aligns perfectly with Costway’s global corporate image and provides many logistical advantages for its operators,” according to the executive.
“Truganina represents an ideal location for e-commerce occupiers due to its proximity to key infrastructure such as the Port of Melbourne and…Melbourne Airport” (story continues below).
The lease deal is for an initial five years.
Elsewhere in the suburb, Goodman in June pre-committed two tenants to its West Industry Park – packaging supply group Signet, which is taking 8225 sqm, and Goodride Tyres (5380 sqm).
Last December, Stockland outlaid $60m for two unbuilt Truganina warehouses – containing a total of 38,550 sqm over 6.3ha.
Goodman expands
In a major land sale, Goodman this week announced it purchased a 125ha Urban Growth zoned site on Riding Boundary Rd, Truganina.
About 88ha is able to be replaced with industrial product.
The landlord said the address will provide future tenant clients with access to 3.5 million people within an hour drive.
“This latest acquisition forms part of Goodman’s global strategy to meet the increasing demand for strategically located logistics space with easy access to large consumer markets,” a statement said.
Part of the block will front the proposed Outer Metropolitan Ring Rd.
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