Frasers Property Industrial has secured five leases, one in Western Sydney and four leasing deals across greater Melbourne amounting to nearly 64,000 sqm in gross lettable area, reflecting the growing demand for high quality and well-connected industrial facilities in Victoria. The prelease deals secured with IVE Group and PPG Australia total 45,429 sqm, a significant footprint that demonstrates the strong interest from customers in working with Frasers Property Industrial to create new state-of-the-art premises that are tailored to their specific needs.

The four Melbourne customers comprise data-driven communications, integrated marketing and production and distribution specialist, IVE Group; global supplier of paints, coatings and speciality materials, PPG Australia; leading distributor of international baby brands, Coolkidz Australia and automotive filtration company Ryco Group.

IVE Group

Frasers Property Industrial has signed a 10-year deal with IVE Group, marking the sixth transaction between the organisations since 2014. The new deal sees the ASX-listed IVE Group relocate one of its existing operations from Frasers Property Industrial’s Braeside Industrial Estate to the 41.3-hectare Rubix Connect estate, within Melbourne’s southeast.

IVE Group’s new purpose-built facility, located in Ibis Circuit, Dandenong South, will comprise a total site area of 52,097 sqm, containing a 32,000 sqm warehouse and 700 sqm of office space when completed in 2025, and brings IVE Group’s total leasing agreements with Frasers Property Industrial to 84,992 sqm. The IVE Group lease deal was brokered by Gordon Fallance from GJS Property.

Matt Aitken, Managing Director at IVE Group said, “We are excited to be expanding our operations in the region to another Frasers Property Industrial purpose-built facility in 2025. The new deal supports the next stage of our business growth strategy and further expansion for IVE Group, allowing us to better service our customers. We highly value our ongoing relationship with Frasers Property Industrial and their ability to continue to work with us to create fit-for-purpose warehouses and facilities for our business.”

PPG Australia

Frasers Property Industrial has secured a five-year lease with PPG Australia at its expansive 42.3-hectare estate, Canvas West in Melbourne’s West. PPG will occupy a 12,191 sqm warehouse with an accompanying 536 sqm double storey modern office on a 20,195 sqm site.

PPG joins six existing customers at the estate, making Canvas West fully leased. Other customers at Canvas West include, Shaw Fabrics, Silk Contract Logistics, National Tiles, Knauf, Komatsu Australia and VidaXL.

Andrew Hanna, General Manager – Victoria at Frasers Property Industrial, said, “We are thrilled to be able to support the expansionary plans of our existing and new customers through our strategically located landbank and existing assets portfolio. It’s particularly encouraging to be able to continue long-term relationships with customers like IVE Group, and to meet their bespoke property needs, as well as to support the current and future growth plans of our new customers.”

Coolkidz

In addition to securing its two prelease deals, Frasers Property Industrial has also recently leased a 6,867 sqm warehouse to Coolkidz Australia, located within the Braeside Industrial Estate, and a 11,417 sqm warehouse to Ryco Group at its West Park Industrial Estate, 23 km west of Melbourne’s CBD, a property owned by Singapore-listed Frasers Logistics & Commercial Trust and managed by Frasers Property Industrial. Both facilities are 5 Star Green Design certified and offer strong accessibility and connectivity to major transport routes. The deals are a testament to Frasers Property Industrial’s robust leasing activity across the region.

PIP Anz 

In NSW, Frasers has secured a deal with PIP ANZ Pty Ltd (formerly Bisley Workwear Australia) at The YARDS estate in Kemps Creek. This aligns with significant activity that is underway at the estate with five different lots currently progressing construction there. 

Joint Venture (JV) partners Frasers Property Industrial and Aware Real Estate have secured a 7-year lease with PIP ANZ Pty Ltd (formerly Bisley Workwear Australia), leading retailer of workwear, safety wear and protective wear, at The YARDS, an expansive 77 ha estate in the Mamre Road Precinct, Kemps Creek, Sydney.

PIP ANZ Pty Ltd’s new distribution centre will occupy a facility comprising a 14,755 sqm warehouse, a 760 sqm two-storey office and 300 sqm dock office.

Due to strong business growth over the last two years, PIP ANZ Pty Ltd is consolidating two existing facilities into one distribution centre at The YARDS to drive operational efficiencies. The new warehouse will primarily be racked and used to store finished products before they are dispatched to their wholesale distributors.

The facility will benefit from a 200 kW rooftop solar system, two EV charging bays, LED smart lighting, rainwater capture and re-use, water saving tapware, and is targeting a 6 Star Green Star Design & As-built v1.3 rating.

Frasers Property Industrial and Aware Real Estate are progressing building works at five different lots at The YARDS with civil and infrastructure development also nearing completion. Internal roads and basins are completed and operational and the second stage of external Mamre Road works, including road widening and opening of the new intersection, is nearing commencement.

Roland Martin, General Manager – NSW at Frasers Property Industrial, said PIP ANZ Pty Ltd. will be a strong addition to the premium estate.

“We are delighted to have PIP ANZ Pty Ltd join us at The YARDS. We have worked closely with PIP ANZ Pty Ltd to develop a facility that will meet the needs of their business now and well into the future.

“The YARDS is undergoing significant construction with five additional buildings on schedule for completion for this year and the estate is now 75 per cent leased. Offering best-in-class warehouse and logistics facilities, alongside leading sustainability and employee wellbeing features, The YARDS sets a new standard for industrial precincts in Australia,” Mr Martin added.

Michelle McNally, CEO of Aware Real Estate, also welcomed PIP ANZ Pty Ltd to The YARDS said, "The community being built at The YARDS is exceptional. The estate has been uniquely designed for businesses and employees to thrive with sustainability and innovation at the forefront. This proposition is resonating with the market and is evident through the leading Australian and global customers that continue to sign on at the estate.”

David Gazal, CEO of PIP ANZ Pty Ltd, said The YARDS will provide an ideal location for PIP ANZ Pty Ltd to continue its expansion. "Following our strong growth over the past few years, it became clear that we needed an additional site to support our expansion. The new facility will not only improve and futureproof our operations but benefit our workforce by providing an environment that will support their health and wellbeing.”

Practical completion of PIP ANZ Pty Ltd’s facility is planned for June 2025.

Frasers Property Industrial and Aware Real Estate have appointed CIP Constructions as the builder for Lot 6. Construction has commenced with Practical Completion set for early 2025. Lot 6 is a speculative build and will feature a 17,355 sqm warehouse, an 800 sqm mezzanine office and 100 sqm dock office.

Test Design

Frasers Property Industrial has also signed a 5-year lease for a 30,630 sqm facility with Communications Test Design, Inc at the estate. Also built by CIP Constructions, the facility reached practical completion in May this year and features brand new warehouse and office spaces along with an outdoor area for staff.

The YARDS has a limited number of remaining available lots including Lot 9 and Lot 6. Lot 9 has reached completion and Lot 6 is planned for completion in early 2025.

Key Summary:

VIC:  

• Frasers Property Industrial has secured four leasing deals across greater Melbourne amounting to nearly 64,000 sqm in gross lettable area  
• The two new prelease deals with IVE Group and PPG Australia demonstrates the strong interest from customers in new state-of-the-art premises that are tailored to their specific needs.  
• Coolkidz Australia has leased a 6,867 sqm warehouse at Braeside Industrial Estate,   
• Ryco Group has taken a 11,417 sqm warehouse at its West Park Industrial Estate, 23 km west of Melbourne’s CBD  

NSW:  

• A 7-year lease with PIP ANZ Pty Ltd (formerly Bisley Workwear Australia) at The YARDS, Frasers’ expansive 77 ha estate in the Mamre Road Precinct, Kemps Creek, Sydney.  
• PIP ANZ Pty Ltd’s new distribution centre will occupy a facility comprising a 14,755 sqm warehouse, a 760 sqm two-storey office and 300 sqm dock office   
• Frasers Property Industrial is progressing building works at five different lots at The YARDS with civil and infrastructure development also nearing completion