Lux brand owner leases inner west office/warehouse
PVH Brands, with trademarks including Calvin Klein, Tommy Hilfiger and Pierre Cardin, has leased a modern office/warehouse in a bulky goods precinct near Highpoint.
The Manhattan based group, formerly known as Van-Heusen Corporation, is paying starting annual rent of c$445,000 for the double storey 3870 square mere warehouse at 17-23 Williamson Road, Maidstone.
Kone Cranes, Sims Plastics and United Auctions Australia previously occupied the building, with some 400 sqm of offices.
Between Bunnings and a small homemaker centre with a Baby Buntings, Funtopia, Pet Aquarium and SuperCheap Auto, the site spreads 1.3 hectares with 10 car parks and a 9000 sqm yard fronting Wattle Rd.
“PVH has leased this space in an expansion move, relocating from a smaller facility in Melbourne’s inner north…that will provide them with more space to carry more stock and service customer orders,” Knight Frank’s Joel Davy, who marketed the space with Andrew Gallucci and MCC’s Mario Ruberto said.
“This was a strategic last mile location for PVH to service their many retail stores,” according to the executive.
“Access to public transport and key linkages making the site accessible for their staff was important as the facility will be largely operated by those that live and work in stores nearby”.
Maidstone is eight kilometres north west of Melbourne’s CBD.
The Bunnings is opposite GPT’s Highpoint which is in the medium term earmarked for a multi-billion redevelopment with thousands of apartments, offices, retail and – it is expected – hotels (story continues below).
Access to staff drives another north west deal
Access to staff was a key driver cited by modular construction company Modscape which recently relocated from Brooklyn, 10 km west of the CBD, to Essendon Fields – about the same distance, but north.
Mr Gallucci said PVH carried out an extensive search for an inner west location.
“The tenant had missed out on three to four other facilities in the area, with many tenants competing for limited stock and offering above-market rental rates to secure a space,” he added.
“PVH was able to secure this property at a rental rate that was more suitable to meet their business efficiencies while also being in a desirable location,” according to the executive.
“The property is a warehouse but is almost like a retail site, looking at the…neighbours, so it was a perfect fit”.
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