Reece has pre-committed to a 4.7 hectare industrial facility at and owned by Melbourne Airport.
The plumbing and bathroom group intends to occupy the 11,670 square metre factory by August, consolidating a number of distribution centres in the city’s north.
The proposed property would be the latest within the 410 hectare Melbourne Airport Business Park, taking shape in recent years about 19 kilometres north west of the city.
Porsche, TNT and Toll are amongst the other occupiers.
A landmark distribution centre pre-committed to Bapcor and Agility is under construction on Melrose Drive.
Following the Reece deal, the landlord has about 281ha left of Melbourne Airport Business Park to fill.
CBRE’s Daniel Eramo represented the occupier which has a national distribution centre across town in Dandenong South (which will be retained).
Melbourne Airport is west of Tullamarine and north of Keilor Park (story continues below).
Melbourne Airport’s property portfolio lifts, while travel grinds
Reece will relocate several speciality business to Melbourne Airport Business Park.
Melbourne Airport chief of commercial property Andrew Gardiner said “there’s no doubt the current COVID-19 health pandemic is impacting the aviation side of our business, but our property portfolio is strong and we’re focused on growing our precincts by attracting international brands and the right businesses”.
Reece Group chief operations officer Daniel Palumbo added “by locating…brands at the one multisite, we’re able to provide an even better level of service, delivering on our ‘works for you’ customer promise”.
“Melbourne Airport [the facility] is central to our key suppliers and customers in the region,” according to the executive.
Mr Eramo said the industrial estate is one of Victoria’s biggest “giving occupiers the opportunity to co-locate with some of the country’s largest logistics occupiers.