Global premium appliance brand, Fisher & Paykel has signed a 10-year lease deal with the Port of Brisbane for a 3.55 hectare site in its Port West industrial estate in Lytton.
The new facility will be constructed by FKG, and will incorporate a 19,450m2 warehouse, 500m2 office space and 8,250m2 of heavy-duty pavements.
The facility’s construction and fit-out is valued at approximately $17.5 million, with construction due to commence by the end of October 2019.
Port of Brisbane CEO, Roy Cummins said the Port’s ability to meet Fisher & Paykel’s timeframes while providing a customised solution that supported the company’s growth was central to the success of the negotiations.
“The Port’s streamlined development assessment approach – in this case, three weeks compared to what can be a six months’ long process elsewhere – ensured we could work with Fisher & Paykel to design and deliver a facility ready for occupancy by mid-2020,” Mr Cummins said.
Fisher & Paykel’s General Manager Operations, Ben Sheehan said “The investment in our new state-of-the-art facility at the Port of Brisbane highlights our commitment to investing in the growth and sustainability of our Australian operations, increasing our use of renewable solar energy and significantly reducing transport emissions and overall impact on the environment.”
The deal also includes additional land for future expansion of the facility of up to 10,000m2, future-proofing Fisher & Paykel’s investment in the Port West Estate. It was negotiated by Savills Director of Industrial & Logistics Darren Curry, with the facility designed by Sparc Architects.
Fisher & Paykel’s commitment highlights the attractiveness of Port West, with its proximity to the wharves and terminals together with its unrivalled road connectivity. The estate has grown significantly over the last two years and is now home to six national and global port-related businesses.