This article is from the Australian Property Journal archive
GERMAN shop fixtures and shelving manufacturer Wanzl is moving its Australian headquarters to Hawthorn East.
Fitzroys Chris James negotiated the five-year lease with options at 1 Hall St, struck at $128,750 per annum plus outgoings and GST, with 3% annual increases, on behalf of Cadence Property Group.
The tenant will occupy a 540 sqm office and warehouse facility that is part of a 1,625 sqm industrial building, on a 1,650sqm site.
James said Wanzl Australia will be moving from their current premises on Highbury Rd Burwood, a short distance from the headquarters of major supermarket Coles, for which it supplies trolleys and shelving.
“Growth in online shopping has brought with it demand for broader product ranges and more efficient delivery times, increasing requirements for logistics systems and facilities.
“This has prompted a surge in new warehousing developments, and existing facilities are being refitted for efficiencies and expanded capacities to cater for the evolving requirements of logistics and distribution centres.”
Earlier this year, James and colleagues Jordan Ceppi and David Bourke negotiated the $6.5 million sale of the entire facility at 1-5 Hall St to Cadence Property Group, which will use the balance for its new headquarters.
