This article is from the Australian Property Journal archive
MALAYSIAN furniture manufacturer Poh Huat Group has set its sights on the Australian market with the acquisition of a warehouse at Dandenong in Melbourne’s south-east.
Poh Huat bought the vacant property at 61 Assembly Drive Dandenong South from JSNJ Investment for $4.25 million.
The property comprises a 2,807 sqm single storey high clear span warehouse with a 315 sqm office with retail/showroom facilities at the front, occupying a 5,265 sqm site.
Poh Huat said the acquisition is as part of its expansion plan to expand into Australia, in addition to its current operational bases in Malaysia, Vietnam and South Africa.
“The demographics and traditions of the Australians are similar to the Western counterparts in North America and the United Kingdom where the Group products are well accepted.
“While the population of Australia is relatively smaller compared to the group’s traditional markets, the affluence of the residents of major cities in Australia provide good opportunities for the group to expand its presence in this relatively untapped market,” Poh Huat said. “With this facility, the group can efficiently consolidate the export and storage of a wider ranges of office and home furniture in smaller quantity to suit the market demand of Australia.”
Australian Property Journal
