This article is from the Australian Property Journal archive
DGL Group has signed on to a five-year lease at Centuria’s Derrimut industrial asset, as transport and logistics demand rages on in Melbourne’s west.
The property at 60 Fulton Drive, around 17km west of the CBD, comprises 12,029sqm of modern industrial office and warehousing space on a 25,335sqm site within the Derrimut Industrial Estate.
Nick Saunders and Charlie Woodley from Colliers secured the lease on behalf of Centuria, who owns and manages the asset.
“The building improvements features internal separation, which was particularly attractive to the new tenant as it will allow DGL Group to run their two separate businesses “DGL Warehousing and Distribution” and “DGL Manufacturing” under the same roof,” said Saunders, industrial national director at Colliers.
The property boasts features well-suited to transport and logistics tenants including low site coverage and truck and drive-around access, as well as a mix of on-grade and recessed loading docks and a large super-awning at the rear spanning 1,547sqm.
“The property is strategically located to other manufacturing and storage warehouses owned and leased by DGL in the immediate area,” said Brendon Stewart, commercial asset manager at DGL Group.
“The warehouse will play a pivotal role in enabling DGL to meet the ever-increasing demand of our customers and DGL’s future growth aspirations.”
The Derrimut Industrial Estate is also home to various multinational organisations such as Aldi, Mercedes-Benz, and Asahi Beverages.
“Centuria Capital Group has clustered 55,884sqm along Fulton Drive across seven warehouses, and with this transaction, the industrial estate is now boasting 100% occupancy,” said Mark Jones, general manager at Centuria, Victoria.
According to Woodley, associate director of Colliers Industrial, 75% of the leasing transactions in Melbourne’s West this year have been secured by the transport, logistics and retail sectors.
“Melbourne’s West is a key location for several logistics and transport operators as the surrounding infrastructure caters for all forms of vehicle transport and provides easy access to major arterials with both Melbourne CBD, Port Melbourne and Melbourne Airport all about 20km away,” said Woodley.
Meanwhile, 181km out of Melbourne, Uno Projex has acquired its first development site in a nine-hectare industrial property in Shepparton, Victoria.
The 9,237sqm Industrial 1 zoned site at 16-18 Industrial Road will be home to Uno Projex’s first industrial project.
“I am excited to bring Uno Projex to Shepparton with our first industrial project. This development will be a welcome addition to the industrial market in the Goulburn Valley area,” said Olivia Ross, founder at Uno Projex.
Ross founded Uno Projex after years of experience with her family’s Construction company, Rossiter Constructions.
“We have conceived a space that caters to a diverse range of uses, from commercial, fabrication, retail, and services to residential and domestic storage opportunities,” added Ross.
The Shepparton development will target owner-occupiers looking for additional storage solutions, conventional industrial operations, service-oriented businesses, including consulting and services.
The property was previously owned by the local Radevski family, who planned on the developing the land, acquiring the rear section while already holding ownership of the front portion.
