Logistics and sensitive freight company PFM Corp is relocating from Dandenong South to Cranbourne West with its recent lease of a 15,400sqm warehouse to be delivered at ESR’s GreenLink Estate.

The state-of-the-art, five-star Green Star-rated logistics facility, located at 590 - 620 Western Port Highway, is being developed by global developer and fund manager, ESR. The facility is set for completion in September 2024.

CBRE’s South-East industrial team of David Aiello and Sasan Misaghian were engaged by PFM Corp to conduct a competitive tender process and facilitate its pending relocation.

“The rental negotiated has set a new benchmark for Cranbourne West, whilst generating significant savings for PFM’s future accommodation,” Mr Aiello said.

“By the time the facility reaches practical completion in 10 months’ time, rents in Cranbourne are expected to exceed $150 per sqm.”

“The transaction highlights CBRE’s capacity to expedite successful outcomes within a very tight timeframe, as well as our long-standing, trusted relationships having leased PFM its current premises 10 years ago.”

CBRE also brokered the first transaction at the 80ha GreenLink Estate with CEVA Logistics. Located 46km from Melbourne’s CBD, this premium industrial estate offers direct access to major arterial roads, wellness options for customers and a high focus on sustainability with a minimum of 5-star green star rated facilities throughout.