Perth, 15 March 2016 – The “For Lease” sign has gone up on one of Perth’s largest warehouse and distribution centres in a move tipped to generate significant tenant interest.
The former Coles and K-Mart logistics facility at Canning Vale is being offered for lease on behalf of Charter Hall’s Core Plus Industrial Fund.
CBRE’s Warick Irving is steering the campaign in tandem with Knight Frank’s Jarrad Grierson.
The 2 Bannister Road property incorporates approximately 75,000sqm of net lettable area in two separate warehouses, in addition to a large amenities building and two levels of office accommodation.
CBRE’s Mr Iving said this would allow for a wide range of tenancy solutions, with individual warehouse tenancies ranging from approximately 6,700sqm to 75,000sqm in addition to corporate office accommodation ranging from approximately 500sqm to 3,000sqm.
“Given the scale of the complex and its flexible design, occupiers can secure premises that are tailored to their specific space needs with office accommodation and amenities configured to suit,” Mr Irving said.
“The multi-tenant format and sheer size of the complex also ensures that it can provide for future tenancy expansion.”
Another attraction for potential occupiers will be the site’s highly prominent location in one of Perth’s preferred distribution hubs.
The complex offers over 600 metres of street frontage to Bannister Road and is just 750m from the Roe Highway interchange, with proximity to major infrastructure such as the Port of Fremantle, Perth Airport and the Perth Rail Freight Terminal.
Three separate tenancies are available, each with dedicated hardstand areas and provision for all weather loading.
A significant landscaping upgrade is also underway.
“This is a very flexible, landmark industrial facility and for the first time it is coming within the reach of a range of smaller tenants to utilise the high quality warehouse space and the modern, office accommodation,” Knight Frank’s Mr Grierson said.
“It will appeal to a broad range of potential tenants, many of which will recognise the opportunity to co-tenant with associated or like-minded businesses.”
Mr Grierson said flexible lease terms were available, with some areas available immediately.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
