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Australand Secures Major Industrial Deals In Melbourne
Daily Bulletin | 10 June 2015
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Frasers Centrepoint’s subsidiary, Australand, has secured major industrial deals for around 200,000 square metres of industrial space in Melbourne in the last six months.

The combined deals are valued at approximately $200 million. The largest deal with Ceva Logistics involves the construction of a new 90,000 square metres campus-style warehouse and office facility, which is expected to be completed in mid-2016.

The facility will have an end value of over $80 million and Ceva has committed to an initial 10-year lease over the site.

Frasers Property  1.750 -0.020 -1.13%   
Business: Co operates as a real estate company. [FY18 Geographical] Australia (41.1%), Singapore (33.2%), Europe (14.1%), China (7.2%), others (4.4%).

Insight: May-19, 1H19 revenue grew 27% due to significant c... Read More

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