Winning Group commits to $200m industrial estate
Winning Group is the first tenant to pre-commit to a Wacol industrial estate being delivered by LOGOS, KKR and Mubadala Investments.
The whitegoods giant will occupy a 45,740 square metre distribution centre (artist’s impression, top), set to account for 46 per cent of the available space within the 18.2 hectare Wacol Logistics Hub.
The property will dub as the base for the retailer’s logistics division, Winning Services, which services the businesses’ Appliances Online, Winning Appliances, Rogerseller and Home Clearance brands, as well as third-party partners including King Living, iFit and Sub-Zero & Wolf.
Winning will relocate from an 18,279 sqm Lendlease owned warehouse at Hemmant, which it committed to in 2017.
In a show of how fast the 116 year old Redfern based company has recently grown – the group distributed in Brisbane before then via a 3000 sqm Heathwood factory.
Wacol is 23 kilometres south west of the CBD.
Winning expands again in Brisbane
Targeted to achieve a 5 star Green Star Design and As Built rating, the proposed Winning facility will contain a drive around cross dock with 15 metre counter-levered awnings, 28 recessed loading docks, 35 metres of hardstand and 264 car parks.
Practical completion is scheduled in September.
The deal comes 18 months since the group leased a 7800 sqm distribution centre within ISPT’s Charles Sturt Industrial Estate at Woodville, in Adelaide’s north west.
In 2019, Winning was the first tenant to pre-commit to the Portlink Logistics Estate, at Altona North, in Melbourne’s west.
That now complete factory, also held by ISPT, contains 45,000 sqm (story continues below).
Winning Services general manager, Mick Bunt, said the proposed Wacol distribution centre will allow it to continue its free next-day delivery through a greater fleet of trucks.
Balance of estate to be built speculatively
The $200 million Wacol Industrial Estate is replacing a Rocla concrete pipe production plant at 3720-3746 Ipswich Road which Fletcher Building sold last April.
Following the Winning commitment, the owners will now speculatively build the remainder of the estate speculatively starting with a 12,870 sqm facility also due for occupation in six months.
The business park should be completed within 18 months.
“Over the past few years we have seen a strong shift towards e-fulfilment and LOGOS’ regional expertise in automation and high spec facility design means we are well placed to deliver an industry leading facility for Winning Group and meet this broader market,” LOGOS head of Australia and New Zealand, Darren Searle, said.
“The Wacol Logistics Hub is a strategic infill site that provides outstanding opportunities for occupiers looking to enhance and strengthen their last mile delivery capabilities,” he added.
Earlier this week we reported the Abu Dhabi Investment Authority will tip over a billion dollars into a logistics trust created with LOGOS in 2014.
With that commitment, the LOGOS Australian Logistics Venture can grow to hold a portfolio worth more than $5 billion.
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