It also teamed up with fund manager Fife Capita to take over a 90,000sq m Melbourne distribution centre from German supermarket group Kaufland. This year DHL Supply Chain will open four additional facilities in Melbourne.
DHL’s western Sydney warehouse will be used to store and distribute pharmaceutical products, including medical supplies and machines.
“This central, purpose-built facility will consolidate select existing and new customers under one roof,” said Saul Resnick, chief executive of DHL Supply Chain Australia.
“Improved, direct connections to major capital cities will save time on deliveries to hospitals, medical centres and wholesalers.”
The new DHL warehouse will be owned in the long term by ESR Australia Logistics Partnership, an 80-20 joint venture between Singapore’s sovereign wealth fund GIC and ESR Australia. It will take EALP’s gross assets to $1.2 billion upon completion.
Phil Pearce, CEO of ESR Australia, told The Australian Financial Review more than 80 per cent of inquiries to develop warehousing on sites it owned were from people wanting temperature-controlled facilities for either pharmaceutical or perishable food products
“This is a trend we expect to continue, along with the demand generated by the e-commerce boom,” Mr Pearce said.
In a separate logistics deal, Dexus has secured two built-to-lease commitments for warehouse and office facilities across 22,200sq m at its Freeman Central estate in Brisbane. The tenants are third-party operator ACR Supply Partners and furniture and homeware retailer James Lane.
The ACR Supply Partners deal was negotiated by JLL’s Shaun
Canniffe and Greg Pike. Knight Frank’s Lachlan Hateley and David Knox negotiated the James Lane deal.
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