Frasers Property Industrial has pre-committed National Tiles – a tenant client since late 2016 – to two east coast distribution centres.
In the biggest deal, the flooring giant has leased a 20,710 square metre facility at the Canvas West business park at Tarneit, west of Melbourne.
It will relocate from a 14,871 sqm building at Truganina – in the West Park Industrial Estate – which it pre-committed to in 2017 for an initial six years.
Meanwhile in Yatala, on the Gold Coast’s northern outskirts, National Tiles has agreed to lease a 17,500 sqm facility, about 1000 sqm of which will dub as its Queensland headquarters.
The tenant will relocate from a Berrinba, Brisbane, warehouse FPI completed six years ago.
“As one of Australia’s largest tiling and flooring product suppliers, we are constantly seeking ways to deliver business growth and improved efficiency,” National Tiles Supply Chain and IT chief operating officer, Mark Chapman, said.
“The new facilities…will provide us with the space and opportunity to transform how we operate and ultimately, better serve our customers,” he added.
FPI also owns National Tiles’ outgoing West Park distribution centre.
Tarneit, Yatala properties
FPI has secured National Tiles at Tarneit and the Gold Coast for an initial 10 years (story continues below).
The Melbourne asset will also contain a 1300 sqm customer pick up and trade centre with a tile library, 425 sqm office, 36 metre wide hardstand and 30m super-awning covering 3415 sqm.
The warehouse will have a clearance up to 14.6m accessed from four recessed docks and eight at-grade roller doors.
A customer trade centre will be designed into the Yatala property too as will an activated rooftop.
Part of FPI’s Vantage Estate, it will be surrounded by a 5.5 kilometre walking track, two gyms and sheltered outdoor areas, one with a barbecue.
Completion of both properties is scheduled this year.
The developer and investor paid $27.5m in 2019 for the 43ha block making way for Canvas West.
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