Frasers Property Industrial has secured a new leasing deal with Australian logistics company Silk Contract Logistics at Frasers’ 42.3-hectare Canvas West estate.
Silk Contract Logistics, an integrated ‘port-to-door’ logistics provider to leading brands in retail, consumer, light industrial and food industries, will occupy a 12,726 square metre office and warehouse facility at Canvas West estate in Tarneit.
Located in Melbourne’s west, the facility will feature a 505 square metre state-of-the-art office, multiple on-grade roller doors, four recessed loading docks and a springing height of 11.5m.
The deal comes as Melbourne’s industrial vacancy rates plummet to 1.3%, with occupier activity the strongest in the country, according to CBRE’s Industrial and Logistics Vacancy Report in December.
Frasers said that Silk Contract Logistics will join fabrics wholesaler Shaw Fabrics and Dutch retailer Vida XL at the estate. They also currently occupy a 20,337 square metre warehouse facility at Frasers Property Industrial’s West Park Industrial Estate in Derrimut, Victoria, which they have leased since 2017.
“Melbourne is experiencing record low vacancy rates and we are seeing extremely strong inquiry for industrial facilities larger than 10,000 square metres,” said Andrew Hanna, General Manager – Victoria, at Frasers Property Industrial.
“With a lack of developable land options across Melbourne, our pre-lease and speculative activities within our estates are meeting the needs of many medium to large occupiers,” Hanna said.
“We have been able to quickly secure another deal with repeat customer Silk Contract Logistics and we are working closely with them to deliver their new warehousing facility to support current and future growth,” he said.
The facility will also target 5 Star Green Star Design & As Built v1.3 certified ratings from the Green Building Council of Australia. This includes on-site solar panels and rainwater collection, use of low-carbon materials, and a design that “promotes the health and wellbeing of the employees.”
Estate amenities include four hectares of open space and conservation area with wetlands, a tree-lined boulevard entrance, dedicated off-road bike paths, and running and walking tracks.
Access and wayfinding is also enhanced by wide streetscapes, high-quality landscaping, signalised entry, 24/7 operational hours, B-double truck access, as well as an extensive 800m frontage to Boundary Road. Practical completion of the facility is planned for mid-2022.
“The modern warehouse facility at Canvas West meets our evolving needs for warehousing and distribution services, with the broader estate also providing high-end amenities to create an engaging and healthy work environment for our staff,” said Brendan Boyd, Managing Director and CEO at Silk Contract Logistics.
“We look forward to positioning ourselves in Melbourne’s logistics hotspot in the western suburbs, where we will be within 25km of Melbourne CBD, Tullamarine Airport, the Port of Melbourne, and a short distance from the M1 Princes Freeway and M8 Deer Park Bypass,” Boyd said.
ResolveXO’s Nick Blakely represented Silk Contract Logistics in securing the deal with Frasers Property Industrial at Canvas West.
Australian construction company Hansen Yuncken has been appointed to deliver Silk Contract Logistics’ facility. The company also recently completed the 35,645 square metres Ozito Pty Ltd and efm Logistics facility, which is located at Frasers Property Industrial’s Rubix Connect estate, in Melbourne’s southeast.
Canvas West also leverages extensive transport linkages to the Melbourne CBD (22km), Tullamarine Airport (20km), Port of Melbourne (19km) and M1 Princes Freeway (8km).