GOODMAN has secured a 15 year pre-commitment from Coca Cola Amatil Limited to develop its new $80 million western Sydney storage and distribution facility.
CCA initially purchased the land, and has now has entered into a sale and lease back agreement for an initial term of 15 years on the 31,225 sqm facility. This facility represents the first stage of a proposed multistage development over 15.15 hectares.
The new CCA property will be developed by Goodman and owned by the Goodman Australia Industrial Fund.
The purpose built CCA facility will be developed on a 9.25 hectares site at the 150 hectare M7 Business Hub at Eastern Creek, which is located adjacent to other Goodman joint venture precommitted customers at the M7 Business Hub, including Coles Myer, Toll, ITT Flygt and Chemson Pacific.
Goodman’s chief executive of Asia Pacific David van Aanholt said the partners are aiming to create an environmentally friendly facility which includes plans for a number of sustainable features, including solar power, rainwater harvesting tanks and other initiatives around conserving water and power and reducing waste.
“Goodman understands that we require a partner who is open and flexible in terms of both property solutions and commercial structures, and we have worked with them at a strategic level for more than six years to deliver and manage great business space.” CCA’s manager of major projects Michael Shirbin said.
“We are seeing significant interest in this key industrial area in west
The purpose built distribution centre will be the second substantial precommitted purpose built facility that Goodman has secured from CCA in recent years.
The previous commitment included the initial development of a 27,399 sqm storage and distribution facility in Mentone, Melbourne which has subsequently been expanded by an additional 8,112 sqm to meet the growing demands of CCA.
Australian Property Journal
