This article is from the Australian Property Journal archive
PROPERTY developer Perri Projects has signed two cornerstone tenants at its new $130 million Lennon Mills industrial precinct in West Melbourne, which was launched by Lord Mayor of Melbourne, Sally Capp.
Luxury automotive manufacturer Genesis Motors and a major global medical and life sciences group will occupy major tenancies at the new precinct, which features a mix of high-tech commercial offices, creative workspaces, and warehouses.
Lennon Mills will be home to a diverse range of businesses such as life sciences, advanced manufacturing, last-mile logistics, and digital and creative business services in spaces ranging from 200 sqm to 4,000 sqm. The site will also host hospitality company Talisman Group’s new flagship venue, Silo Nine.
Speaking at the official launch of Lennon Mills, managing director of Perri Projects David Scalzo said the strong interest in Lennon Mills reflected the market’s growing demand for modern industrial spaces featuring an open-plan design equipped with high-grade commercial amenities powered by rooftop solar.
“Our new precinct offers tenants an integrated work-life balance boasting modern end-of-trip facilities, a rooftop terrace, a gym, and an onsite food and beverage retailer,” he said.
Lennon Mills is located within one kilometre of the Port of Melbourne, two kilometres from the CBD, and 100 metres from South Kensington train station.
“Unlike traditional industrial precincts, our site also offers significant lifestyle benefits for staff such as close proximity to JJ Holland Park, recreational spaces, restaurants, bars, cafes, and convenience services,” he said.
Mark Harrison, managing director of Wingate and project partner on Lennon Mills, said industrial assets and estates in critical locations, with this type of amenity for customers and employees, will provide a strong, resilient platform for investment in this cycle.
