01 Dec 2021
MELBOURNE, 1 DECEMBER 2021
Multi-national owner, developer and manager of industrial and logistics properties, Frasers Property Industrial has announced six new leasing deals on its managed assets in Victoria, Australia.
The leased properties include:
Melbourne Airport Business Park
18-34 Alyesbury Drive, Altona – a 9,077 square metre facility has been leased to Samsung Australia for a three-year lease term. This marks Frasers Property Industrial’s first lease with the technology leader and top 10 global brand.
2-22 Efficient Drive, Truganina – Family-owned major homewares provider, Bambis, has leased an 11,417 square metre facility for a five-year term. Bambis owns well-known homewares brands including Salt&Pepper, Curtis Stone, Four Walls and Homedesign.
The Key Industrial Estate
Andrew Caldwell, General Manager, Asset Management at Frasers Property Industrial comments, “Victoria’s seeing incredibly tight vacancy rates across the industrial and logistics sector and this is driving strong demand for quality warehouse and distribution facilities in strategic locations.
“Our recent deals with BESIX Watpac, Samsung, AutoPacific Group, John Cotton, Bambis and Russell Athletics within a short time period are reflective of this level of demand, the quality of the assets we have under management. It’s particularly encouraging to be able to continue long-term relationships with customers like AutoPacific Group as well as to begin new partnerships.”
The above properties are managed by Frasers Property Industrial for Singapore-listed Frasers Logistics & Commercial Trust (FLCT).