A detailed search undertaken by JLL’s Logistics and Industrial (WA) team, has led to finding new premises for global corporation, Rexnord Corporation brokered by Ross Palframan Associate JLL Logistics and Industrial.

Servicing the mining, energy, aerospace, and automotive industries worldwide, the corporation entered the market for a new facility to expand and upgrade their accommodation, and will now call Malaga in WA home, in a deal brokered by Ross Palframan, Associate, JLL Logistics and Industrial.

Due to lack of existing supply in the current market, JLL identified in order to successfully source a suitable facility, a design and construct was the most viable option for Rexnord Corporation.  This also took into account their specialised requirements including cranes, power supply and time constraints,

Mr Palframan said, “After conducting an extensive market search, and having pre-existing relationships with major industrial developers in Perth that could deliver a project of this nature, we identified a suitable development site owned by a valued private client.

“We worked with both the tenant and the landlord to refine the tenant’s operational requirements, finalise the design, and negotiate commercial terms for the property, with the tenant and landlord entering into a long term agreement,” added Mr Palframan.

This transaction reinforces the increase in demand and confidence underpinned by the mining and resources sector and continued infrastructure spending.

As a result, there is a trend of increased net absorption and decreasing supply levels of existing facilities across the WA industrial market. Occupiers are now taking a long-term outlook on expanding and upgrading their accommodation through modernisation and consolidation programs and taking advantage of opportunities for a flight to quality.

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