Frasers seals flooring group to Melbourne industrial park
Frasers Property Industrial has pre-committed flooring supplier GMK Logistics to a 27,417 square metre facility at the 4Ten Epping business park, in Melbourne’s north.
The occupier, a subsidiary of CTI Logistics, will relocate from Laverton North, in the city’s west.
It has committed to the incoming base, with a 1010 sqm two storey office, for an initial 10 years.
With the deal, FPI has filled 43 per cent of the proposed industrial estate, which has been taking shape at 410 Copper Street since Mazda committed to a 37,235 sqm distribution centre in early 2020.
Crusader Caravans, Intelligent Engineering and Kitchen Warehouse are amongst the other occupiers.
GMK, which provides third party logistics and offers temperature controlled warehousing, turns 50 this year.
Estate filling up
FPI is developing the Epping business park on a 63.4ha block it acquired from CostaFox for $40m in November, 2018 (story continues below).
Nearly 10pc of the estate (5.5ha) is master-planned as open space, with wetlands, walking and cycling tracks.
The GMK property is scheduled for completion early next year; the warehouse will feature a 14.6 metre clearance, 16 recessed loading docks, nine roller shutter doors and dual hardstand zones, one stretching 36m with a full width super-awning.
CIP Constructions is the builder.
The deal comes as FPI puts the finishing touches on a 25,580 sqm facility for CTI at Yatala, about 30 kilometres north west of Surfers Paradise.
“In line with both companies’ commitment to sustainability, the [Epping] facility has been designed to achieve a 5 star Green Star Design & As Build v1.3 rating from the Green Building Council of Australia and will include a minimum 150kW solar array, rainwater harvesting, internal and external LED lighting and landscaped outdoor area,” a spokesperson for the landlord said.
Last month we reported The Yards industrial estate, in Sydney’s Kemps Creek – which FPI is delivering with Aware Real Estate and Altis Property Partners, was the first asset of its size and type to be awarded the GBCA’s highest rating.
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