Warehouse Lease

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Luxury homes designer and builder, Knight Building Group, has agreed terms on a new office/warehouse lease at Moorabbin in Melbourne’s south-east in a deal brokered by Savills Australia.
The 13 Lennox Street property comprises a 1,000 square metre building that includes a warehouse on 900 sqm and the rest for office space.
Knight Building will pay $60,000 per annum on a three-year lease with options. 
Savills director Gareth Jackson, who brokered the deal, said the Melbourne-based firm required a facility to expand its existing Caulfield office to service its bayside projects and that offered easy access to transport links.
The property benefits from easy access to Melbourne’s bayside suburbs via South Road, the Nepean Highway and Dingley Bypass, said Jackson.  
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Savills leases warehouse in Moorabbin to Knight Building Group

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An office/warehouse in Melbourne’s Tullamarine has been leased for $235,000 per annum to Bio Strategy Pty Ltd, a medical and research appliance company.
The property at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-tullamarine-502338346" target="_blank">8-10 Trade Park Drive</a> is located just off Melrose Drive providing direct access to Melbourne’s international Airport.
Bio Strategy has taken a five-year lease with another option of five years.
The 2,385 sqm building comprises a clear span warehouse, a two-level office that features open plan and partitioned spaces, kitchen and other amenities.
The land area is 5,834 sqm.
The deal was brokered by Anthony Carbone of CVA.
 
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Warehouse in Melbourne's Tullamarine leased out

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Leading furniture retailer, Steinhoff International Holdings has nearly doubled the size of its warehouse facilities in Frasers Property Australia’s flagship 6 Star Green Star Horsley Drive Business Park, Wetherill Park.
The company has secured a further 8,900 sqm over a seven-year period, taking its total purpose-built warehouse and office space to 18,869 sqm. The asset is worth $34 million.
Royal Comfort Bedding and Select-O-Pedic, owned by Steinhoff, will utilise the new warehouse space. 
The strong growth in the property sector has helped drive demand for additional warehouse space and this is expected to continue.
Listed Steinhoff has 275 retail stores across Australia and eight retail brands, some including Freedom Furniture, Fantastic Furniture, Snooze and Plush.
“Horsley Drive Business Park has become very popular with furniture retailers. We have now secured four in the park including Nick Scali, Vivin Imports, Royal Comfort Bedding and Select-O-Pedic,” said Ian Barter, general manager Commercial &amp; Industrial Northern Region for Frasers Property Australia.
“Horsley Drive Business Park provided the perfect strategic location for Steinhoff to consolidate its expanding operations. It made smart business sense to co-locate two of its distribution operations to one central location.” 
The business park has access to the M7 and other major motorways. Its 6 Star Green Star rating is also attracting companies. Martin Brower, Survitec Group, Nick Scali, and Phoenix Transport are already located in the business park.
The 20.4 hectare site is owned by the Western Sydney Parklands Trust (WSPT) and is located on the corner of Cowpasture Road and Horsley Drive, Wetherill Park. 
Frasers Property Australia entered into a development agreement and long-term ground lease with WSPT to the high-quality industrial estate with a mix of facility types. 
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Furniture retailer Steinhoff doubles space at Fraser Property's Wetherill Park

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Electric car industry leader Tesla Australia has leased a Cremorne warehouse in a leasing deal signed over the holiday period.
The near 700 square metre warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-cremorne-500641183" target="_blank">69 Cremorne Street</a> was leased by the electric car company on a two years lease at $118,000 gross plus GST.
Located on the eastern side of Cremorne Street between Swan and Kelso Streets, the freehold property adjoins Kangan Institute and their Richmond TAFE Campus.
It sits on 870 square metres and has a 15 metre frontage to Cremorne Street.
Gray Johnson agent Rory White, who negotiated the leasing, believes the Tesla occupancy is to complement the existing retail store, service centre and supercharger vehicle loading facility that is nearby at 650 Church Street in Richmond.
White said that the building, which was offered for lease and was vacant, attracted significant enquiry.
“The inner-suburban precinct of Cremorne has become a highly preferred destination for creative and specialist businesses including a number in the automotive sector and professional consultancies no doubt due to its proximity to all that adjoining Richmond offers together with its excellent accessibility to major road and freeway connections.
“Gray Johnson held multiple offers to enter into a lease over this property before the Tesla offer was judged as the preferred tenancy option” White says. 
Tesla has a service and supercharging facility nearby in Richmond. 
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Tesla Australia take out lease in Cremorne, Melbourne

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AMP Capital has successfully leased a warehouse in Casula's Crossroads Logistics Centre.
Hunter Express, a specialist freight delivery company, will occupy Building 3 within Precinct B.
They join other customers such as Electrolux, WesTrac, Cosentino and Versiclad at 290 Beech Road, the Crossroads Logistics Centre. 
The property is made up of 9,455 sqm of warehouse and 500 sqm of office space. 
AMP Capital Managing Director, Office &amp; Industrial Luke Briscoe said, “Crossroads Logistics Centre has proven to be a highly sought-after facility for AMP Capital."
Hunter Express CEO Mark Hunter said, "this new facility will enable us to accelerate our growth plans and become the leading provider of specialised handling and delivery services within Australia’s $48.8 billion road freight transport industry.”
The Crossroads Logistic Centre is now all but developed, with only one remaining development site comprising 17,655 sqm.
The site is DA approved and ready to commence.
Once the final building is complete, Crossroads will accommodate approximately 90,000 sqm of warehouse and office space across three separate precincts.
Crossroads Logistics Centre is owned by investors in the AMP Capital Diversified Property Fund (ADPF).
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