Bridgestone will join Coles Group, Toll Group and Uniqlo at Melbourne's new Midwest Logistics Hub, Charter Hall has announced.

The tyre retailer has signed a pre-lease for a 25,000sqm warehouse and commercial store facility on a 10-year lease term, taking the pre-leased commitments to 150,000 square metres at the master-planned facility.

The modern warehouse facility includes a 50-metre hardstand, super canopy, expansion space, dedicated customer parking and prominent exposure to Palmers Road at the front of the estate. 

At a glance:

• Tyre retailer Bridgestone has signed a pre-lease for a 25,000sqm warehouse and commercial store facility on a 10-year lease term at the master-planned Midwest Logistics Hub.
• The deal means 150,000 square metres of space has been pre-leased at the Melbourne facility.
• Other tenants include Coles Group, Uniqlo and Toll Group. 

The development will commence early May 2020 and is expected to complete in February 2021.

Charter Hall’s Head of Development, Industrial & Logistics, Andrew Simons, said the new facility had been designed to accommodate the company's commercial business including retail, administration and service centres for trucks and cars, together with their warehouse operations including the storage and distribution of tyres to their retail store network.

“We are delighted to welcome Bridgestone, to what will be one of Western Melbourne’s premier logistics hubs," he said.

"Charter Hall is pleased with the early leasing success achieved at the estate having leased over 65 per cent with strong interest from major retailers and logistics users for the remaining space.”

Development of Midwest Logistics Hub commenced in October 2019 with Toll Group the first to pre-lease a 44,075 square metre temperature-controlled warehouse and office facility, which will service their fulfilment contract with Mars Wrigley Australia.

Uniqlo Australia pre-leased a 46,000 square metre warehouse and office facility, which will accommodate the clothing retailer’s distribution requirements for its e-commerce sales and national retail store network.

Coles Group pre-leased a 30,000 square metre customer fulfilment centre that will provide world-leading automated single pick technology and home delivery solution to meet growing customer demand for online food and grocery business.

Coles has partnered with Ocado who has been a world leader in online fulfilment for more than a decade and their technology has revolutionised the way grocery shopping is done online.

Both Uniqlo and Coles partnered with TM Insight in the design and procurement of their facilities and will now be represented by TMI in the delivery of these facilities’ highly technical specification.

On completion, Midwest Logistics Hub will be a prime logistics asset in a core Melbourne location, valued in excess of $450 million.

Charter Hall Industrial & Logistics CEO, Richard Stacker, said the company's ability to deliver high specification, modern logistics space in strategic locations across the eastern seaboard continued to attract quality tenant covenants for our real estate funds and their investors.

"Charter Hall’s Industrial & Logistics development pipeline now exceeds $2 billion, providing the scale and flexibility to satisfy the growth aspirations of our existing and prospective tenant customers, while also delivering high-quality real estate and investment outperformance to our investors," he said.

CPIF now comprises 65 properties, valued at $4.7 billion with a weighted average lease expiry of 11.1 years, 98.5 per cent occupancy and resilient tenant covenants with 95 per cent leased to government, publicly listed or nationally/globally recognised tenants.

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