This article is from the Australian Property Journal archive
KOZ Worldwide, the distribution and wholesale arm behind Queensland’s Hanaromart grocery stores, has leased a 7,262 sqm Richlands facility as part of its expansion plans.
The warehouse building at 278 Orchard Rd includes 500 sqm of office space with six roller doors and a 20 metre-wide awning. The Asian food wholesaler is amalgamating two smaller sites in totalling about 3,500 sqm plus stock for its expansion, and signed a 10 year lease at a net rate of about $90 per sqm through Lachlan Hateley and Mark Clifford of Knight Frank.
Earlier this year, national third-party logistics provider MCM Logistics and mining sector business Flexitech Group leased more than 3,000 sqm of space in total within the 53,000 sqm facility owned by an Australian Unity Fund, on a corner landholding of 11.26 hectares.
Knight Frank is leasing the remaining 17,000 sqm of space in the facility.
“The tenant has leased this space to cater for the major expansion of both its wholesale business as well as its retail network, which currently consists of 15 shops, including several in Westfield Shopping Centres,” Hateley said.
“The location of this property was one of its biggest attractions for the tenant – it’s situated in Brisbane’s prime southwestern industrial corridor and perfectly positioned to provide easy access to major business centres and national road networks.”
The property offers good access to the Centenary Hwy, the Logan Hwy and the Ipswich Hwy.
