04 Feb 2020
MELBOURNE, 4 FEBRUARY 2020
Frasers Property Industrial has secured a lease agreement with CEVA Logistics (CEVA) in West Park Industrial Estate, which completes its landmark 310-hectare development in Truganina, Victoria.
CEVA has leased a 37,307 sqm bespoke facility for six years located at 8 Archer Road, Truganina comprising a 35,507 sqm warehouse, 1,800 sqm office (over two levels) and 105 car spaces.
Anthony Maugeri, General Manager – Southern Region, Frasers Property Industrial comments, “West Park Industrial Estate is one of our most rewarding success stories which was developed over 16 years. The estate set significant sustainability benchmarks, attracted several repeat customers and won a major building award.
“It was the first in Victoria to obtain a 6 Star Green Star Design & As Built rating for CEVA’s supersite and subsequently received six stars for CEVA Alliance and CEVA Tech (Nissan). Five stars were also achieved for CEVA Toyota, Visy Australia and National Tiles/CTI Logistics from the Green Building Council of Australia.”
He added, “Several of the largest state-of-the-art warehouses in Victoria including leasing/pre-leasing 238,670 sqm of gross building area to CEVA, Visy Australia (42,770 sqm), Mitre 10 (25,157 sqm), CHEP (24,700 sqm) and Goodyear Australia (24,100 sqm) were built in the estate. Visy Australia’s facility received the highly prized Excellence in Construction of Industrial Buildings accolade at the 2019 Master Builders Victoria Excellence in Construction Awards.
Since inception in 2004, West Park Industrial Estate has been one of the largest landholdings in the west catering for a variety of sustainable property solutions including pre-lease opportunities, speculative and turn-key developments and land sales.
“More than 40 industrial facilities have been developed in the park valued at approximately $740 million1. Demand in the estate was driven by population growth supported by strong economic conditions, infrastructure upgrades enhancing connectivity to road, rail and port transportation modes and rising occupancy costs,” Mr Maugeri continued.
“A wide range of industrial users with a preference for warehousing, manufacturing, distribution and storage facilities in the west chose this estate where there have historically been large tracts of land available and cheaper rents when compared to other sub-markets.”
CEVA will utilise the state-of-the-art storage and distribution facility for a new vehicle logistics contract. Features include full drive around access, 10 metre springing height and a 6 Star Green Star Design & As Built. Completion is expected early Q4 2020.
Companies residing in West Park Industrial Estate include Arlec Australia, CEVA Logistics, National Tiles, CTI Logistics, Visy Australia, Australia Post, DB Schenker and Goodyear Australia and Dunlop.
Deer Park Bypass is within one kilometre from the park allowing access to the Western Ring Road, Tullamarine and Calder Freeway and the Port of Melbourne is within 17 kilometres.
Frasers Property Industrial recently settled on 42 hectares of industrial zoned land at 917 Boundary Road, Tarneit and will begin developing this land for industrial requirements in Q2, 2020.
1 Approximate end value of the developed warehouses in West Park Industrial Estate from January 2005 until January 2020. This figure includes the Archer Road facility which will be completed in 2020.