Charter Hall Secures Pre- leases In Melbourne’s West With Tyre Giant Bridgestone
May 11, 2020 — The Charter Hall Prime Industrial Fund (CPIF) has secured Bridgestone, Australia’s second largest tyre retailer at its masterplanned 60ha Midwest Logistics Hub in Truganina, Melbourne. Bridgestone will join Coles Group, Toll Group and Uniqlo to take the pre-leased commitments to 150,000sqm at Midwest Logistics Hub.
Charter Hall’s Head of Development, Industrial & Logistics, Mr 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 per cent with strong interest from major retailers and logistics users for the remaining space.”
Bridgestone has signed a pre-lease for the 25,000sqm warehouse and commercial store facility on a 10 year lease term. Relocating from their existing premises in Derrimut, Bridgestone’s new facility has been designed to accommodate both their commercial business including retail, administration and service centres for trucks and cars, together with their warehouse operations including the storage and distribution of tyres to their retail store network.
The modern warehouse facility includes a 50m 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.
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