THE Charter Hall Prime Industrial Fund has secured online grocery retailer Marley Spoon, providing home delivery of weekly meal kits with fresh produce and recipes as an alternative to shopping in grocery stores, to a 10-year pre-lease at a new facility in Wetherill Park, Sydney.
Marley Spoon’s pre-lease is for a 14,200-square-metere purpose-built, temperature-controlled logistics facility in a strategic location in Sydney’s west.
Relocating and expanding from its existing premises in Strathfield, the new facility has been designed to accommodate the significant growth of Marley Spoon and Dinnerly to provide a more efficient supply chain for product to Australian customers.
Marley Spoon, which currently operates in eight countries, is backed in Australia by a significant investment from Woolworths Group, which entered into a five-year strategic partnership last year.
Charter Hall’s head of development, industrial and logistics, Andrew Simons, said, “Charter Hall is pleased to be partnering with Marley Spoon on this purpose-built facility. We are committed to supporting the growth in online grocery retailing and increasing Charter Hall’s substantial portfolio in the food logistics sector”.
Alongside the Marley Spoon facility at 300 Victoria Street, Wetherill Park, Charter Hall has committed to construct a 12,200sqm premium grade logistics facility that will feature a 36-metre super-awning, creating a combined GLA of 26,400 square metres. The adjoining logistics facility to the Marley Spoon facility will be built on a speculative basis and will be available for occupation in early 2021.
Charter Hall Prime Industrial Fund’s $5.6bn portfolio is one of Australia’s largest industrial and logistics portfolios comprising a geographically diverse, high quality portfolio of 75 industrial and logistics assets, underpinned by long-term leases and strong tenant covenants.