Frasers Property Australia will have a new fresh look in Melbourne’s South East, with a leading sportswear company partnering up with them.
Frasers Property Australia have agreed to a lease with PUMA which will see the brand represented on a 23-hectare Industrial Estate, in the suburb of Braeside in Melbourne’s South East.
That Estate is the company’s third building tenancy in the development, with this lease being another bold move.
The German sportswear manufacturers PUMA will be on a seven-year term which comprises of a 14,110 sqm warehouse, 442 sqm office and 112 car spaces.
Upon completion, this large facility will be worth around $25 million. With ASX listed entities IVE Group and GALE Pacific also providing expansion with buildings in Braeside’s Industrial Estate, it is sure to boost the popularity of the area.
When the PUMA warehouse is up and running, key features will include energy efficient LED high bay lighting with motion sensors and a control system, 100kW roof mounted solar photovoltaic system providing renewable energy and a rainwater storage tank connected to the landscaping irrigation system and main office amenities.
This stunning development will be at Braeside Industrial Estate, located on the corner of Governor Road and the proposed Mordialloc Bypass.
Plans are underway and construction is set to being by the end of 2019 – it is hoped that the new arterial will significantly improve transport links to the area will be significantly improved to assist visitors.
As for when PUMA will ideally be moving in, their new warehouse on Canterbury Road should be ready by mid-2020.