THE Charter Hall Prime Industrial Fund has secured Bridgestone, Australia’s second largest tyre retailer at its masterplanned 60-hectare Midwest Logistics Hub in Truganina, Melbourne. Bridgestone will join Coles Group, Toll Group and Uniqlo to take the pre-leased commitments to 150,000 square metres at Midwest Logistics Hub.
Charter Hall’s head of development, industrial and logistics, Andrew Simons, said, “We are delighted to welcome Bridgestone, to what will be one of Western Melbourne’s premier logistics hubs. Charter Hall is pleased with the early leasing success achieved at the estate having leased over 65% with strong interest from major retailers and logistics users for the remaining space”.
Bridgestone has signed a pre-lease for the 25,000-square-metre warehouse and commercial store facility on a 10-year lease term. Relocating from its existing premises in Derrimut, Bridgestone’s new facility has been designed to accommodate both its commercial business including retail, administration and service centres for trucks and cars, together with its warehouse operations including the storage and distribution of tyres to its retail store network.
The modern warehouse facility includes a 50-metre hardstand, super canopy, expansion space, dedicated customer parking and prominent exposure to Palmers Road at the front of the estate. Development will commence early May 2020 and is expected to complete in February 2021.
Bridgestone’s new state-of-the-art facility will combine both the commercial and operations businesses under the one roof. The location on Palmers Road also gives the Bridgestone brand prominent exposure and is easily accessible for customers to access Bridgestone’s service centre and trucks to service the retail store network.
Development of Midwest Logistics Hub commenced in October 2019 with Toll Group the first to pre-lease a 44,075-square-metre temperature-controlled warehouse and office facility, which will service its fulfilment contract with Mars Wrigley Australia.
Coles Group pre-leased a 30,000-square-metre customer fulfilment centre that will provide world-leading automated single pick technology and home delivery solution to meet growing customer demand for online food and grocery business.
All facilities at Midwest Logistics Hub are targeting a 5 star Green Star Design and As-Built rating and will incorporate various sustainability initiatives including 100-300kw solar PV systems, LED warehouse lighting and rainwater harvesting.