JLL and Savills appointed to lease facility on behalf of owners Growthpoint Properties Australia
A high-grade warehouse located in Perth Airport has come to market, presenting businesses the opportunity to relocate to the heart of Perth’s transport hub.
The 10,726sqm purpose-built facility located at 2 Hugh Edwards Drive provides substantial fully racked warehouse accommodation with, 701sqm of corporate level office accommodation, 1,300sqm of sprinklered canopy areas 68 car bays, recessed docking bays and on-grade roller doors.
JLL’s Logistics & Industrial Director, Andrew Fife and Associate Dirctor, Ross Palframan and Savills Industrial & Logistics Director, Matthew Hopkins & Alex Yeo, have been appointed to lease the warehouse.
2 Hugh Edwards Drive is positioned within Perth Airport’s South precinct, with quick access to Leach, Tonkin, and Roe Highways and within close proximity to key infrastructure including Kewdale Rail Freight Terminal.
Mr Fife said, “The eCommerce and associated logistics demand juggernaut continues to roll on and has certainly been the dominant force behind unprecedented demand for industrial & logistics space, with the sector representing 46% of annual gross take-up. We expect 2 Hugh Edwards Drive to be perfect for an eCommerce user.”
In a recent report by JLL Research the current eCommerce penetration rate of 14.4% is set to expand further to 20.0% by 2025, which alone is expected to result in an additional 640,000sqm of industrial space between 2022 and 2025. If we account for other sectors currently contributing towards demand, that figure could reach upwards of 1,000,000 sqm of industrial and logistics floor space demand.
Perth eCommerce industrial take-up versus eCommerce spend
Source: JLL Research, NAB, Macquarie Research
Mr Hopkins said: “Supply of large-scale warehouse accommodation in Perth is at a record low. This is a unique opportunity for occupiers seeking modern high-quality accommodation, that do not wish to wait for a new build.”