LOGOS secures car parts giant to Broadmeadows
LOGOS has secured GPC Asia Pacific to a 39,000 square metre distribution centre at its Broadmeadows Logistics Estate, north of Melbourne.
The pre-commitment is the third in the 25 hectare business park at 120 Northcorp Boulevard which the landlord is co-developing with Canada’s Ivanhoé Cambridge.
TMX’s Sam Dellios acted for the tenant.
“Broadmeadows Logistics Estate is a key property within our portfolio that services the growing northern Melbourne market,” LOGOS head of Australia and New Zealand, Darren Searle, said.
“With a focus on supporting the logistics sector of e-commerce, distribution, food and cold storage, we are able to offer tenants with state of the art, sustainable…facilities and immediate access to Melbourne’s key transport networks,” he added.
LOGOS and Ivanhoé Cambridge acquired the land making way for the estate – a former Woolworths distribution centre – from Growthpoint for $50.2m last August.
Upon completion, the industrial park will contain about 127,000 sqm in five buildings, and be worth c$300m.
The landlords are recycling about 99 per cent of materials from the former structures (story continues below).
Site needed to accommodate growth: GPC
GPC is one of Australia and New Zealand’s largest car aftermarket parts and accessories suppliers with brands including APX, Repco and McLeod’s.
Its global headquarters is at Rowville.
“As a business, we’ve experienced significant growth over the past three years and we look forward to integrating advanced technologies within a new state-of-the-art facility in Melbourne to improve our customers’ experience.” Asia Pacific executive general manager, Logistics, Jon Longbottom, said.
The Broadmeadows warehouse (artist’s impression, top) is due for completion in early 2023.
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