Frasers Property Industrial in Australia has secured a 10-year lease with one of North America’s largest game manufacturers and a subsidiary of Goliath Games, Crown & Andrews, at its AU$158 million Horsley Park precinct in Western Sydney.
Frasers Property Industrial in Australia has secured a 10-year lease with one of North America’s largest game manufacturers and a subsidiary of Goliath Games, Crown & Andrews, at its AU$158 million Horsley Park precinct in Western Sydney.
Crown & Andrews (Goliath Group) will take up the balance of space at The Horsley Park Estate to satisfy its current and future growth. The tenancy comprises 9,080 square metres of warehousing space, a 650 square metre office and a dedicated truck loading area. The warehouse will be built to achieve a 5 Star Green Star rating, which is standard for Frasers Property builds, and will feature a rooftop Solar PV system.
Crown & Andrews (Goliath Group) will join Japanese vehicle manufacturer, Hino and US retail giant, Williams-Sonoma at Fraser Property Industrial’s The Horsley Park Estate. The precinct is set to be kitchenware and homewares retailer Williams-Sonoma’s first outpost in Australia, supporting its growing global supply chains.
Ian Barter, General Manager, Northern Region for Frasers Property Industrialcomments, “With the rise in e-commerce and need for robust global supply chains, it’s vital that our development pipeline caters for both the current needs and future growth of our customers.
“The Horsley Park Estate has been extremely successful in securing commitments from strong covenants and we’re excited to be welcoming Goliath Group to the estate, delivering a modern and sustainable facility for their business operations here in Australia,” said Mr Barter.
Andrew Lee, General Manager of Goliath Australia, Crown & Andrewscomments, “The Crown & Andrews business continues to grow and it’s important we have the right warehousing facilities to accommodate this.
“We’re looking forward to moving to Frasers Property Industrial’s The Horsley Park Estate and driving greater efficiencies for customers in our new state-of-the-art facility,” said Lee.
Construction of the new facility is scheduled for completion in mid-2021, with the practical completion of the wider Horsley Park precinct expected shortly after.
Fraser Property Industrial’s nearby Horsley Drive Business Park in NSW was the first industrial estate to achieve a 6 Star Green Star rating from the Green Building Council of Australia.