Toys”R”Us signs long-term lease at ESR Clayton Business Hub

ESR Australia has secured global toy retailer Toys”R”Us ANZ as its second large scale user to its Clayton Business Hub in Victoria, joining Sukin manufacturer BWX, who signed a 10-year lease in March this year.

The deal sees ESR Clayton Business Hub fully leased ahead of construction completion.

Toys”R”Us signed a 10-year lease with ESR to take up 19,650 sqm space, which will encompass their Australian headquarters, along with
state-of-the-art warehousing facilities.

ESR Australia CEO Phil Pearce said that over the past eighteen months, ESR Australia has been transforming the 6.4 ha outdated manufacturing site into a forward-focused business estate, working closely with their innovation-minded customers to develop bespoke facilities to serve their needs today and well into the future.

“Toys“R”Us’ commitment to ESR Clayton Business Hub as their Australian headquarters sees the site full-leased well before completion of construction, and we look forward to welcoming them to their custom-built facility next year,” Pearce said.

Centrally positioned in 45-49 McNaughton Road, the site provides excellent connectivity to key arterial roads and is within proximity of major institutions, including Monash University and Monash Medical Centre.

The development benefits from its prime location within the premier business park precinct of Monash National Employment Cluster, an area with the highest concentration of jobs outside the Melbourne CBD and slated by the Victorian Government for strategic infrastructure investment.

State-of-the-art logistics technology, offices and associated fit-outs are scheduled for completion in mid-2022.

On completion, the estate will be targeting a 5 Star Green Star rating and is set to create a new benchmark in the current market for a high-quality business hub, featuring enhanced facades, lush landscaping, and deck car parking.

Source: ESR Australia