LOGOS secures auto parts giant in Broadmeadows
LOGOS has entrusted GPC Asia Pacific with a 39,000 square meter distribution center in its logistics area of ââBroadmeadows, north of Melbourne.
The pre-engagement is the third in the 25 hectare business park at 120 Northcorp Boulevard that the owner is co-developing with IvanhoÃ© Cambridge of Canada.
Sam Dellios of TMX represented the lessee.
âBroadmeadows Logistics Estate is a key property in our portfolio serving the growing North Melbourne market,â said Darren Searle, LOGOS director for Australia and New Zealand.
âBy focusing on supporting the logistics sector of e-commerce, distribution, food and cold storage, we are able to offer tenants state-of-the-art, sustainable facilitiesâ¦ and immediate access to Melbourne’s main transport networks, âhe added.
LOGOS and IvanhoÃ© Cambridge acquired the land making way for the estate – a former Woolworths distribution center – from Growthpoint for $ 50.2 million last August.
When completed, the industrial park will contain approximately 127,000 mÂ² in five buildings and will be worth C $ 300 million.
Homeowners recycle about 99 percent of materials from older structures (story continues below).
Site needed to adapt to growth: GPC
GPC is one of the largest suppliers of auto parts and accessories in Australia and New Zealand with brands such as APX, Repco and McLeod’s.
Its world headquarters are in Rowville.
âAs a company, we have experienced significant growth over the past three years and look forward to incorporating cutting-edge technologies into a new, state-of-the-art facility in Melbourne to enhance the experience for our customers. Asia-Pacific Executive Director General, Logistics, Jon Longbottom, said.
The Broadmeadows warehouse (artist’s impression, top) is expected to be completed in early 2023.
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