This article is from the Australian Property Journal archive
VICTORIAN property group Salta has secured warehousing and logistics organisation Trunk Logistics Group for a new custom-built 16,000 sqm warehouse facility at its Nexus Dandenong South industrial estate in Melbourne’s south-east.
Trunk’s new headquarters at 143 Portlink Drive includes 725 sqm of office space and will accommodating 14,300 pallet spaces, and has 128 car spaces for the group’s nearly 100 staff.
“Originally committed to as a speculative build, we worked closely with Trunk to deliver a highly tailored, state-of-the-art logistics facility that caters for the business’ future expansion,” said Salta’s commercial and industrial development director, Owen Smith.
Trunk, which operates worldwide, joins major tenants at Nexus Dandenong South including Woolworths, Bunnings, Walkinshaw and Schneider Electric.
Trunk Logistics Group’s managing director Mark Mastroianni said, “From the moment Trunk Logistics Group and Salta started working together it became clear the two businesses had a lot in common at the core – both are proudly family-owned and operated, we share a strong commitment to genuine partnerships, are highly motivated, client-focused and have a high attention to detail.”
Strategically acquired between 2006 and 2012, the Nexus Dandenong South estate is fully owned, managed and operated by Salta. At over 180 hectares in size, the estate is one of the largest industrial hubs in Victoria.
Also in Dandenong South, Frasers Property Industrial has just netted a 10-year deal with ASX-listed IVE Group at its 41.3-hectare Rubix Connect Estate for 32,700 sqm facility on more than five hectares of land.
Despite some 2.3 million sqm of warehouses currently under construction, Australia’s industrial market is set to remain severely undersupplied, given ongoing demand, and with construction costs and servicing delays set to temper supply completions in the coming years, according to Cushman & Wakefield. Supply in Melbourne’s south-east in particular will continue to fall short of annual demand levels, which is expected to drive an outperformance of rental growth.
