Major Netherlands based online retailer VidaXL has committed to a significant land and build package for its national distribution centre in the new Canvas West industrial estate in Tarneit – representing one of Melbourne’s largest industrial transactions in 2020.
The transaction of the VidaXL site, measuring over 113,500 square metres, is one of the largest in Melbourne’s western industrial market in more than five years. The VidaXL site will accommodate a total undercover area of 80,960 square metres comprising a warehouse, awnings and two offices.
The state-of-the-art facility, scheduled to be completed by April 2022, has been designed to accommodate future flexibility for separate tenancies with two main offices, multiple entry/exit points and three 36-metre-wide drive through awnings with full drive around access.
Additional building features include a springing height of 11.5 metres (rising to 15.2 metres at the ridge) to accommodate seven high racking and VNA area in 40% of the warehouse, seven-tonne post loading, 17 roller shutter doors and 16 recessed loading docks.
Frasers Property Industrial general manager southern region, Anthony Maugeri said this transaction is the first in the Canvas West Industrial Estate.
“It demonstrates Frasers Property Industrial’s adaptability as a business and flexibility in product mix to pivot from core pre-lease development activities to meet changing market conditions. The entire transaction was undertaken online due to the current Covid-19 restrictions across Australia and the Netherlands over the last six months.
“The new national distribution centre is designed to help VidaXL accommodate its rapid online business growth and customer demand which is in-line with the rise of ecommerce and a structural shift towards online retailing.”
CBRE director for advisory and transaction services – industrial and logistics, Todd Grima added: “CBRE forecasts an additional 350,000 sqm of additional new space will be required each year to accommodate growth in ecommerce. The VidaXL transaction reflects the growing ecommerce trend in Victoria and its new facility will be fully racked and hold over 100,000 pallets.”