Frasers Property Industrial has secured four industrial leasing deals across Victoria and Queensland, keeping its portfolio fully occupied.
Frasers has secured a five-year lease starting from June 2023 with Asia-pacific logistics giant Linfox at 38-52 Sky Road East in Melbourne Airport (pictured above).
Linfox will use the 46,231 sqm site, previously under lease by Unilever, to support its business operations delivering food, resources and medicine across road and rail.
Also in Victoria, warehousing and logistics company QLS will lease Frasers’ property at 7 Pacific Drive and 170-172 Atlantic Drive in Keysborough.
The 17,878 sqm facility will support QLS in delivering brown and white goods to its customers across Australia.
QLS will also use the facility to run its recycling business, ‘Ecycle solutions’, which collects all associated goods waste, recycles it and reuses the materials for everyday household products.
In Queensland, Truck design and manufacturer Paccar Australia Pty Ltd has leased the building at 103-131 Wayne Goss Drive in Berrinba.
Paccar Australia will increase its footprint at Wayne Goss Drive in Berrinba, Queensland by relocating to a larger facility adjacent to its current premises in September 2023.
The new facility extends to 13,165 sqm and includes a super awning for all-weather loading, as well as a solar system installation.
Frasers’ fourth leasing deal was with global packaging manufacturer distributor and visual communications company Orora Limited at 99 Shettleston Street in Brisbane’s Rocklea area.
Packaging solutions specialist Orora Group has leased the 15,186 sqm high clearance warehouse to store packaging items manufactured in its neighbouring facility.
The premises features full drive around access and extensive awning area.
“As demand for high-quality facilities in key Victorian and Queensland corridors continues, our strong customer service and premium offering are highly sort after by both existing and new customers,” said Ian Barter, Managing Director Australia at Frasers Property Industrial.
“Our industrial assets in strategic locations have been crucial to our ability to secure deals with major national brands and long-term customers. We continue to have strong leasing activity and our portfolio continues to be 100% occupied”.
The above properties are managed by Frasers Property Industrial for Singapore-listed Frasers Logistics & Commercial Trust (FLCT).
Frasers Property Industrial owns and manages industrial and logistics properties in Australia and Europe, and its portfolio includes logistics facilities, warehouses and production facilities in strategic locations.
Frasers Property Industrial has approximately S$11.2 billion of assets under management as at 30 September 2022 with integrated development, asset management and third-party capital management capabilities across the Group’s industrial and logistics markets in Australia, Germany, the Netherlands and Austria.
Frasers Property Industrial is a strategic business unit of SGX-listed Frasers Property Limited, a multi-national company that owns, develops, and manages a diverse and integrated property portfolio with total assets of approximately S$40.2 billion as at 30 September 2022.