Press Release

Provincial Home Living expand to Melbourne’s West

Melbourne

August 2, 2023

Media Contact

Imogen Braddock

Senior Communications Specialist, Australia

Photo of imogen-braddock

Leading furniture and homewares retailer Provincial Home Living has secured a warehouse at a brand-new West Melbourne facility with Australia’s largest industrial landlord, Goodman.  

  

Provincial Home Living secured the 22,320 sqm office warehouse on Evolution Road, Truganina as part of the company's national expansion plan.

  

The site will adjoin the new purpose-built 115,000sqm Metcash Distribution Centre due for completion in Q2 2024. Rents in the area vary from $105 - $125 per sqm net.

  

CBRE’s Todd Grima and Harry Kalaitzis negotiated the deal on behalf of Provincial Home Living.

  

“With vacancy rates at 1.1%, an all-time low in Victoria and extended construction timelines for new buildings, it was crucial that we commenced the procurement process with a significant amount of lead-up time to ensure we captured all existing speculative developments and pre-lease opportunities,” Mr Grima said.

  

“Provincial Home Living is a brilliant Australian business and it’s terrific to help play our part in their growth journey,” Mr Kalaitzis added.

  

Provincial Home Living’s Head of Property Simon Simmons added, “We are excited about the forthcoming phase of growth for Provincial Home Living, this new distribution centre marks a significant milestone in the expansion of our business.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.