Shaw Fabrics pre-commits to Frasers industrial estate
Frasers Property Industrial has pre-committed a second group, Shaw Fabrics, to Tarneit’s Canvas West business park.
The blinds and fabric manufacturer will take a 15,125 square metre space for an initial five years.
The landlord will speculatively build another 12,726 sqm warehouse under the roofline – creating an asset valued of c$55 million.
Completion is scheduled in July, 2022.
Colliers’ Hugh Gilbert and Siobhan O’Reilly were the agents.
The lease comes 11 months since FPI secured VidaXL to a 70,000 sqm distribution centre on 11.4 hectares in the estate – due to open in five months.
FPI paid $27.5m two years ago for the 42.3ha site making way for Canvas West.
Shaw at Canvas West
On Droomer Way, the Shaw asset will contain four recessed loading docks and five on-grade roller door shutters.
The warehouse clearance will be about 11.5 metres – its roofline will contain an area 1.5 times the size of the Melbourne Cricket Ground.
Upon completion, FPI is aiming for a 5-star Green Star Design & As Built rating from the Green Building Council.
The asset will support Shaw’s Victorian operation (story continues below).
“We continue to see high demand for customers who wish to relocate from older warehouses to modern industrial facilities with abundant on-site amenities such as green spaces and leading sustainable features,” FPI general manager, Anthony Maugeri, said.
Busy quarter for Frasers in Melbourne
The Shaw deal comes a week after FPI announced five other major Melbourne industrial rental agreements:
At the Melbourne Airport Business Park, BESIX Watpac has leased a 12,086 square metre facility, 28-32 Sky Rd, to support construction of an $800m cell-based influenza vaccine manufacturing facility – the only one in the southern hemisphere – for CSL subsidiary Seqirus.
Also in Tullamarine, pillow and quilt manufacturer John Cotton has committed to a 10,245 sqm asset, 25-29 Jets Court, for an initial five years.
In Altona, FPI has snared Samsung Australia to 18-34 Alyesbury Dve – a 9077 sqm agreement – for three years.
South east of the city, at Keysborough’s The Key Industrial Estate, AutoPacific Group has rented a 6706 sqm building at 79-88 Atlantic Dve, near another property it occupies (49-71 Pacific Dve).
In the same business park, Russell Athletics has also recently rented a 7283 sqm facility, 8-28 Hudson Ct, which will be used to manufacture and distribute Sherrin products.
Last month, we reported homewares provider Bambis, which owns brands including Salt & Pepper and Curtis Stone, rented a 11,417 sqm warehouse at 2-22 Efficient Drive, Truganina – not far from Canvas West.
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