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Dexus Says New ‘Built To Lease’ Deals Supports Continued Demand For Logistics Facilities

Dexus Says New ‘Built To Lease’ Deals Supports Continued Demand For Logistics Facilities

April 29, 2020 — Dexus announced that it has secured built to lease commitments at Foundation at Truganina Estate, driven by continued strong demand for high quality logistics facilities located along the east coast of Australia.

AS Colour has committed to a long-term built to lease facility across circa 18,800 square metres at 12B Felstead Drive, Truganina in Victoria.

The new distribution centre will feature drive-around access, a super awning and a prime grade office space enabling the global supplier of clothing apparel to continue to service their Australian market, with the facility expected to be completed in the second half of 2020.

As part of this deal, Dexus has exchanged contracts to acquire AS Colour’s existing facility at 22 Business Park Drive in Ravenhall for circa $9 million, where AS Colour will make the transition from owner occupier to tenant.

Read here for more.

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