Original anchor tenant, Bunnings Warehouse, has agreed to terms on a 10,000m2 expansion of its distribution facility at the Port of Brisbane’s Port West estate.
The new warehouse expansion, incorporating 800m2 of dedicated container rated hardstand and approximately 2,200m2 of cantilevered awning area, will be built by De Luca Corporation.
Port of Brisbane CEO Roy Cummins said the project would add to Bunnings’ existing 30,450m2 facility and is part of a new lease deal that will last for 10 years, plus options.
“We’ve proudly worked with Bunnings since their initial move to Port West in 2012,” Mr Cummins said.
“This new agreement not only gives Bunnings room for future growth, but it gives both parties long-term certainty.
“We expect construction to start in late 2018 and be complete by mid-2019,” said Mr Cummins.
Bunnings General Manager, Property Andrew Marks says the expansion will help Bunnings continue to deliver more value to customers, saying “the expansion of our Port of Brisbane distribution centre will help us improve our distribution efficiency and provides us with the scale to support our growing store network in Queensland”.
Bunnings’ renewed commitment to the site underscores the industry-leading logistics of the Port West estate.
“Unrivalled road connectivity and close proximity to the wharves and terminals at the Port of Brisbane means Port West really is one of the most impressive industrial precincts in the region.
“It’s safe to say Port West is no longer the industry’s best kept secret, with the Bunnings expansion following deals with Stora Enso, Queensland Glass, Steelforce, and Autocare.
“Our customer first approach to property development and management is a hallmark of the Port West estate. We look forward to continuing our relationship with Bunnings and our other Port West customers well into the future”, said Mr Cummins.