This article is from the Australian Property Journal archive
BESIX Watpac has leased a 12,100 sqm industrial facility close to Melbourne’s Tullamarine that will be used as a headquarters to support its construction of a neighbouring 60,000 sqm vaccine manufacturing facility.
It is building the facility for the world’s second largest influenza vaccine provider, Seqirus, whose parent company is CSL Ltd., which is establishing a state-of-the-art $800 million manufacturing facility on the adjacent site that will be the only cell-based influenza vaccine manufacturing facility in the southern hemisphere.
The new three-year was struck at 28-32 Sky Road, within Frasers Property Industrial’s Melbourne Airport Business Park.
It is one of multiple leases secured by Frasers Property Industrial across its portfolio that the company announced. Also within the Tullamarine estate, pillow and quilt manufacturer John Cotton has taken out a four year term over a 10,245 sqm facility that will support its Australian operations.
In the west, electronics behemoth Samsung has committed to a three year lease for a 9,077 sqm facility at 18-34 Alyesbury Drive, while family-owned major homewares provider, Bambis has leased an 11,147 sqm facility for five years at 2-22 Efficient Drive in Truganina.
Bambis owns homewares brands including Salt&Pepper, Curtis Stone, Four Walls and Homedesign.
At The Key Industrial Estate in the south eastern suburb of Keysborough, Frasers Property Industrial scored the signature sporting goods provider Russell Athletic at 8-28 Hudson Court over a 7,283 sqm facility that will be used as a manufacturing plant and distribution centre for Sherrin Australian rules footballs.
It has also secured expanded space from AutoPacific Group, a designer, manufacturer and distributor of custom-engineered towing, trailering and cargo management, at 78-88 Atlantic Drive, with the company already occupying a purpose-built facility ay 49-71 Pacific Drive.
“Victoria’s seeing incredibly tight vacancy rates across the industrial and logistics sector and this is driving strong demand for quality warehouse and distribution facilities in strategic locations,” Andrew Caldwell, general manager, asset management at Frasers Property Industrial comments.
According to Knight Frank, industrial leasing take-up volumes are currently running 31% above their long-run averages on the east coast, and Melbourne landlords can expect 6% rental growth in 2022.
The properties are managed by Frasers Property Industrial for Singapore-listed Frasers Logistics & Commercial Trust.
