This article is from the Australian Property Journal archive
PERTH Airport’s property arm has added a new industrial facility to its portfolio, with the prominent corner site offering new office and warehouse space amidst strong demand.
The 10,480sqm building occupies a 2-hectare site at 58 Anderson Place with high visibility from Airport Drive in the Airport South precinct.
Colliers and CBRE have been exclusively appointed to lead the leasing campaign for the warehouse.
“Low vacancy and healthy levels of demand continue to underpin above historical average levels of rental growth for the Perth Industrial & Logistics market,” said Hayden Dick, industrial and logistics manager at Colliers.
“With the lack of new warehousing facilities available and a significant of speculative fit out development pipeline already pre-committed, 58 Anderson Place is a desirable facility and one we expect will fly off the shelf.”
The facility delivers easy access to passenger and freight air services, with access to Perth’s major arterial routes and sitting within 20 minutes of the Perth CBD, five minutes of Kewdale Freight Terminal and 35 minutes of Fremantle Port.
“58 Anderson Place is strategically positioned for ultimate connectivity in Perth’s most significant logistics destinations. Offering unrivalled access, flexibility in design and a leading sustainable approach for maximised productivity across every touchpoint across the 1/0ha site and a 10,480sqm* office and warehouse facility,” added Sam Hammond, industrial and logistics director at Colliers.
Perth Airport is WA’s second largest property landlord, with a $1.3 billion property portfolio, more than 150 tenants and a further 371.3-hectares of land across the its estate to develop for non-aeronautical purposes.
This state-of-the-art development is set for completion in July 2024, with tenants including Primary Connect (Woolworths), Coles, WesTrac, DHL, Officeworks, Toll, JAS, Roy Hill, Toshiba International, SGS, Cummins, FUCHS, Speno Rail maintenance, GEODIS, Sulzer, National Storage, Pacific Energy Renewables, Epiroc, Capital Transport Group, Rohlig and Monde Nissan.
According to research from Colliers, 2023 saw WA’s industrial leasing market record its highest level of gross leasing activity monitoring began in 2010, at 331,000sqm.
With Perth industrial & logistics gross leasing activity totalling 50,900 sqm over Q1 of 2024, an increase of 35% on Q4 2023 levels.
Meanwhile Perth Airport and Qantas have resolved all outstanding commercial issues in dispute and have agreed on a $5 billion investment to upgrade the airport to support further growth. This is the largest ever private infrastructure development in Perth and will deliver new terminal facilities, two multi-storey carparks and the airport’s first hotel.
Qantas and Jetstar will relocate all services to a new terminal in the Airport Central precinct. Qantas CEO Vanessa Hudson said this is the largest airport infrastructure deal in the airline’s history.
“It will enable us to create a world-class western hub and significantly expand our domestic and international services over the short, medium and long term. Not only will it allow us to bring hundreds of thousands more travellers to and through Western Australia each year, it will also make it easier for overseas tourists to connect to more destinations across Australia.
“Perth-London and Perth-Rome are two of the most popular flights on our international network, which gives us confidence in our strategy to ramp up WA flying over the next few years as we receive new aircraft and grow our fleet,” said Hudson.
“With the launch of Perth-Paris in July and Jetstar’s new services into Asia starting later this year, we have a pipeline of growth underway that will mean Perth is on track to become our second biggest international gateway behind Sydney,” she added.
Perth Airport CEO Jason Waters said the deal will create thousands of construction and on-going jobs, underpin the future growth of the FIFO-based resources sector, generate new tourism and trade opportunities, and deliver enormous ongoing benefits to Western Australia.
Western Australian Premier Roger Cook said by opening up new flights routes and adding millions of extra passenger seats each year, this will positioning WA as a major tourist destination in the region.
“It’s part of our plan to diversify WA’s economy, create long-term jobs and set our State up for the future.” Cook said.
