Frasers Property Industrial secures 10-year leasing deal with National Tyre & Wheel

Frasers Property Industrial has secured a leasing deal in the 21-hectare Berrinba Logistics Park in Queensland with National Tyre & Wheel (NTAW), the largest independent, multi-branded tyre and wheel wholesalers in Australia and New Zealand. With this latest deal, Berrinba Logistics Park will be fully leased.

The 10-year lease will see the ASX-listed company occupy a 21,018 square metre state-of-the-art warehouse, ideal for tyre storage, and an adjoined 418 square metre premium office facility.

With an internal clearance of 12.2 metres, which will be accessible via seven roller doors and six recessed docks, the facility also includes separate heavy vehicle access, a 15-metre-wide awning and 55-metre-wide hardstand set down area.

To create a next-generation industrial and logistics experience, Frasers Property Industrial’s industry-leading new Building Design Guidelines have been incorporated into the design of NTAW’s facility. This will combine a variety of sustainable materials with a warm and welcoming aesthetic that is typically not found in traditional warehouses.

NTAW will join home improvement product supplier Pinnacle Hardware, global logistics and supply chain company CEVA Logistics, and transport and logistics company, TCK Alliance, which operates as Wise Space, at the industrial estate.

Troy Whalan, General Manager – Queensland for Frasers Property Industrial comments, “Berrinba Logistics Park has become one of Queensland’s most sought-after industrial estates thanks to its proximity to the recently constructed Logan Motorway interchange at Berrinba, as well as the Gateway Motorway and M1 Motorway. We have experienced significant demand for facilities at the estate and we are proud to have the expansive estate fully leased following the leasing deal with the region’s largest independent wheel and tyre wholesaler, National Tyre & Wheel.”

NTAW’s facility will feature on-site solar panels to generate clean electricity, as well as a rainwater storage tank connected to the landscape irrigation system and main office bathroom amenities. Additionally, water efficient commercial grade sanitary fixtures will feature throughout. On completion, the site will be targeting 5-Star Green Star Design and As-Built v1.3 certified ratings from the Green Building Council of Australia.

National Tyre and Wheels Chief Supply Chain Officer, Cameron Watson comments, “After an exhaustive property search, NTAW is delighted to have secured a new facility within the Berrinba Logistics Park that will service our logistics requirements for years to come. It’s an ideal facility for our wholesale tyre volume, which exceeded 2.5 million units in 2020. We are excited to be partnering with Frasers Property Industrial and look forward to seeing the facility come to life.”

Director of JACX Property, Grant Pickford, added, “We are delighted to have been able to successfully negotiate a pre-commitment on behalf of our valued client NTAW. In such a competitive market, it is imperative that a strong working relationship is developed between landlord and customer, and we thank Frasers Property Industrial for their efforts in going the extra mile to exceed our client’s requirements.”

National Tyre & Wheel’s new facility is expected to reach completion in early 2023.

JACX Property were advisors to NTAW for this deal, and the property brief was presented to the market by Shaun Canniffe of JLL.