This article is from the Australian Property Journal archive
COSTWAY has chosen Melbourne as the home for its Australian expansion, as the global e-commerce giant sets up shop in the country.
The company’s first Australian distribution centre will be based on a 18,751sqm facility at 28-30 Distribution Drive in Melbourne’s western suburb of Truganina, after signing on to a five-year lease at a market rent.
Harry Kalaitzis, Todd Grima, Tom Hayes and Daniel Eramo from CBRE managed and negotiated the deal on behalf of Lendlease, which this week forked out $160 million on three industrial assets.
“This facility aligns perfectly with Costway’s global corporate image and provides many logistical advantages for its operations,” said Kalaitzis.
Costway Wholesale sells more than 50,000 specialty products and chose the facility, which was originally purpose-built for Toll, due to its close access to western Melbourne’s road infrastructure.
“Truganina represents an ideal location for e-commerce occupiers due to its proximity to key infrastructure such as Port Melbourne, the CBD and Melbourne Airport,” added Kalaitzis.
“It also provides exceptional access to Melbourne’s major road networks including the West Gate Freeway, Western Ring Road and Princes Freeway.”
Additionally, the site includes excellent racking capacity and multiple recessed loading docks, enabling a high-volume of product movement.
Lendlease’s Australian Prime Property Fund Industrial recently bought up two core logistics sites in Melbourne’s west, while in Dandenong South Salta Properties recently secured three new tenants for its Nexus Intermodal Estate.
