Fortescue leases modern warehouse near Perth Airport

The Belmont factory was advertised asking annual gross rent of $170,000.

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.

Andrew ‘Twiggy’ Forrest AO is now a non executive Chairman at Fortescue Metals after leading the company as chief executive officer for six years until 2011.

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).

Perth Airport used a bulldozer to take liens over a Virgin Australia plane last month in an attempt to recover $16 million in unpaid dues.

CBRE’s Chris Monterosso and Tom Iredell, representing the Belmont landlord, a private investor, said the site has good access to Great Eastern, Leach and Tonkin highways.

“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”.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco