ESR Australia extends relationship with CEVA Logistics as the anchor tenant within ESR Gilmore Industrial Estate QLD

4 November 2022

ESR Australia has extended its relationship with global leader in third-party logistics, CEVA Logistics, who has taken up a ten-year lease across 36,000 sqm at ESR Gilmore Industrial Estate in Berrinba, Queensland, in the same month as breaking ground at ESR Green Link Industrial Estate in Cranbourne West, Victoria.

Like ESR Green Link Industrial Estate, the 10.4 hectare Gilmore Industrial Estate falls under ESR’s national rollout of new warehousing facilities underpinned by sustainable and customer-centric design principles. ESR Gilmore Industrial Estate has a forecast end value of A$144.3million.

ESR Gilmore Industrial Estate is just off the interchange to the Logan Motorway. It connects customers to the Brisbane CBD, Airport and Port, all within 30 minutes, making it an attractive choice for potential customers looking to locate themselves in the tightening Brisbane industrial market.

ESR Australia will speculatively develop a further 18,800 sqm across two freestanding buildings to complete the Estate, which are due to be completed in 2023.

ESR Australia CEO, Phil Pearce, explained, “ESR Australia and CEVA’s partnership is underpinned by a strong alignment of values and future aspirations for both of our organisations. ESR is committed to delivering industrial real estate to our partners beyond its expectations, which will support its needs today as well as far into the future.

“ESR is committed to aligning with customers that share our desire to better the logistics sector through sustainability-centric and efficient design, and CEVA certainly fits that criteria for us. We’re delighted to extend the partnership to a second site to reinforce the level of service ESR Australia seeks to provide its customers,” Mr Pearce said.

ESR Australia recently broke ground on the 37,000 sqm facility for CEVA at ESR Green Link Industrial Estate, which is designed to achieve a 6 Star Green Star rating. It includes features such as a minimum of 500kw solar system with battery storage to allow CEVA to operate a Net Zero facility. The ground-breaking ceremony was attended by Casey City Council, which is vastly supportive of ESR Australia’s significant efforts to establish a benchmark for sustainably minded, human-centric industrial estates.

Milton Pimenta, Managing Director for Australia and New Zealand, CEVA Logistics, said, “At CEVA Logistics, we are committed to working alongside partners who share our values, including operating sustainably for the planet. The ESR team understands this vision, and we look forward to continuing our positive relationship at the ESR Gilmore Industrial Estate site, which will support our global sustainability efforts to reduce the impact of our customers’ logistics activities.”

ESR Australia General Manager QLD, Craig Robertson, added, “As a group, we have taken the time to understand CEVA Logistics’ needs on the ground and are confident of delivering a leading-edge facility that both parties will be proud of upon completion.”

“The partnership with CEVA is one we believe can deliver great value to our investors and will complement our strategy to provide best-in-class industrial warehouse facilities to our customers.”