- Following a 19,612sqm lease agreement, AMA Group will merge its two Victorian parts distribution centres to Charter Hall’s Somerton Logistics Estate
- The large-scale, 880 Cooper Street asset formerly housed the Mazda Spare Parts Distribution Centre
- The organisation has agreed to a seven-year lease with a starting cost of $85 per square metre
- Somerton Logistics Estate consists of nine standalone buildings centred by major businesses such as Saint-Gobain, Technika and Cosentino
Following a 19,612sqm lease agreement, AMA Group will merge its two current Victorian parts distribution centres to Charter Hall’s Somerton Logistics Estate.
The large-scale, 880 Cooper Street asset, in Melbourne’s outer north, formerly housed the Mazda Spare Parts Distribution Centre.
CBRE’s Daniel Eramo and Joe Brzezek negotiated the lease, with the facility being a logical match for AMA Group, a leader in the collision repair and adjacent automotive components sectors.
The organisation has agreed to a seven-year lease with a starting cost of $85 per square metre.
“We are extremely excited about the increased capacity in such a fit-for-purpose facility, which will help ensure increased parts availability to fulfil the needs of our customers nationwide,” AMA Group General Manager – Supply Adam O’Sullivan said.
It is a big commitment for Charter Hall, and it demonstrates the continued high demand for existing warehouse space in Melbourne’s north.
“We are pleased to welcome AMA Group to our Somerton Logistics Centre, a high-profile, versatile warehouse and office facility which boasts an unmatched location and substantial capacity for growth,” Nick Lidonnici, Regional Portfolio Manager – Industrial and Logistics at Charter Hall said.
Somerton Logistics Estate consists of nine standalone buildings centred by major businesses such as Saint-Gobain, Technika and Cosentino.
The estate is conveniently positioned near major arterials and critical infrastructure, such as the Hume Highway, and is only 17km north of Tullamarine Airport.
“The current vacancy rate in Melbourne’s north is just 1.08 per cent and this has begun to drive rental growth as well as a stabilisation in market incentives,” Mr Eramo said.