The growth of multi-channel retail continues to drive significant new demand for Stockland’s high quality and well-located logistics facilities and business parks in and around major Australia cities.
Leasing activity across the portfolio remains buoyant, particularly in Sydney and Melbourne where occupancy rates are very high at 98.6%. This is testament to Stockland’s track record in tailoring well-designed, located and flexible solutions that suit the product and distribution needs of its customers.
Stockland’s well-positioned Oakleigh Industrial Estate in Melbourne is now fully leased following redevelopment with Australia Post and Matt Blatt locking in the final tenancies.
Automotive Holdings Group (AHG), Australia’s largest automotive retailer, has leased space at the Brooklyn Distribution Centre located in Melbourne’s fast growing western region, taking advantage of the site’s high visibility and easy access to CBD, port and suburbs.
As competition for urban warehouses picks up and demand for suitable sites increases, Stockland is continuing to invest in the right infrastructure to support innovation in retail and warehousing distribution.
General manager Office, Logistics and Business Parks Tony D'Addona said: “We are experiencing strong take up of our warehousing space with high-profile tenants choosing our prime locations to maximise bottom-line efficiencies and deliver a fast, connected and seamless experience for their customers.”
Against the backdrop of high demand for industrial sites, Stockland’s industrial development pipeline is progressing well. Construction is well underway at the $77 million Warwick Farm industrial estate, which is majority pre-leased to Daikin, and stage two of the Ingleburn Industrial Estate is also making good progress.
“Our business parks portfolio continues to perform well and we are investigating future development opportunities at a number of our existing well-located and flexible sites. We look forward to sharing this exciting news with you in the future.”
As demand for warehouse space in Sydney picks up pace, Stockland has five new warehouses from 8,000sqm to 21,000sqm under construction in Warwick Farm, Yennora and Ingleburn.
Looking ahead, healthy growth in the demand for logistics and business parks is likely.
Tony said, “Stockland will continue to focus on building new sustainable facilities in logistics hotspots that deliver quality design, safety and efficiency outcomes. Our vision is to create modern and functional warehouse and logistics hubs that meet the needs of our retailers, logistics players and actively support local employment.”
To discuss your national warehouse requirements, please contact Tony D’Addona on 0413 808 526 or email firstname.lastname@example.org.