This article is from the Australian Property Journal archive
PLAYGROUND equipment supplier KBT Australia has committed to the last remaining office/warehouse opportunity in the Pacifica Business Park at Kilsyth.
KBT has leased a 5,100 sqm facility in the Canterbury Road industrial park, owned by Ian Wright’s BMF Construction. KBT Australia is part of the CDM group of companies, which is headquartered in Sint-Amands, Belgium. KBT intends to consolidate existing properties in Bayswater and Wantirna into the Kilsyth facility.
The three-year KBT lease comprises an office/warehouse building on a site of approximately 11,000 sqm. KBT replace Pacific Brands in the building who continue to lease the adjacent warehouse.
The former Vita Pacific site was acquired by BMF in late 2006, which subdivided the property into nine lots. All of the lots have now been sold or leased to a range of tenants and owner occupiers, including Dollar Curtains & Blinds and Stem Industries.
CBRE’s David Aiello and Andrew Stewart negotiated the lease in the Pacifica estate, located within Melbourne’s tightly held eastern industrial precinct.
Aiello said the exposure to busy Canterbury Road, coupled with its drive around access and exclusive entrance were major drawcards for KBT, as was the property’s large yard area which is rare in the outer east.
“Kilsyth is a tightly held market which is home to a range of high profile companies, among them Kenworth Trucks, Siemens Pty Ltd and Glaxo Smith Kline. The completion of Eastlink has continued to underpin tenant interest in this market, which is situated approximately 30 kilometres east of the Melbourne CBD,” he concluded.
Australian Property Journal
