Fortescue Metals Group has leased a modern office warehouse near Perth Airport.
The Western Australia based iron ore producer has committed to the 1670 square metre facility, 9 Longfellow Court, Belmont, for five years.
The address is off Abernethy Road, six kilometres west of Perth Airport and industrial precincts at Kewdale and Welshpool.
Belmont is seven kilometres east of Perth’s CBD.
About 95 per cent of Fortescue Metals’ 10,000-strong workforce is based in Western Australia.
Last week Chairman and substantial shareholder Andrew ‘Twiggy’ Forrest was one of about 20 bidders said to be competing for Virgin Australia which recently went into voluntary administration $7 billion in debt.
A week earlier, Perth Airport blocked a Virgin Australia plane with a bulldozer, retaining it as liens for $16 million in unpaid dues.
Fortescue Metal warehouse has architect designed offices
While Fortescue’s rent at 9 Longfellow Court is undisclosed, the property was being advertised asking $170,000 gross, annually.
The bulk of it – 1295 square metres – is a high-truss (8.5-9.5 metre) warehouse, accessed via electric roller door.
It is attached to an architecturally designed, high-quality office with aspect over Abernethy Road.
The 2392 sqm block with two crossovers is entered via an automatic sliding gate.
Three of the 27 car parks are undercover.
The facility was last occupied Bhagwan Marine (which in Victoria occupies a Port Melbourne property abutting the West Gate Bridge near its peak).
“This new commitment shows the resilience of the Western Australia resources sector in the current climate, with approximately $27 billion worth of projects committed to or currently under construction,” Mr Monterosso added.
“This increase in activity is expected to have a positive flow-on effect to Perth’s core industrial markets”.