Repco arm fills new Melbourne industrial estate
Centennial has filled the first stage an industrial park completed last year in Melbourne’s inner west Tottenham.
Repco arm GPC has leased the tenancy – Warehouse B at 414-418 Somerville Road – for an initial five years.
Spreading 4416 square metres, it is configured with storage, offices and showrooms.
CBRE’s Fergus Pragnell and Lachlan May were the agents.
The deal comes 15 months since Centennial secured Cleanaway and Florsheim to the balance (19,601 sqm) of the first stage of the estate, branded Tottenham Industrial Park.
The fund manager and developer acquired the 10.37 hectare parcel which made way for the estate in two parts between 2018 and 2019 (story continues below).
With the transaction, the landlord has leased over 21,000 in Melbourne this month including, elsewhere in the west, at the Brooklyn Industrial Park, to JBS Foods and Sunbeam Alpine.
Meanwhile in the north’s Somerton Park Drive Distribution Centre, it secured transport group Centurion to 8015 sqm for five years.
Knight Frank’s Daniel De Sanctis and Thomas Dodd brokered that deal.
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