Office furniture manufacturer and supplier Krost Business will upsize its Melbourne operations into a new, Charter Hall development.
Krost has signed a 10-year lease for a 7,956sqm facility within Charter Hall’s MidWest Logistics Hub in Truganina, due for completion in the coming weeks.
It is relocating its Victorian distribution facility from Altona North into Warehouse 1 on Felstead Drive within the estate.
Krost was established in 1989 and has positioned itself as the premier office and commercial furniture provider in Australia.
The MidWest Logistics Hub base becomes Krost’s second Charter Hall facility, alongside its 8,170sqm manufacturing and warehousing site in Sydney.
The last masterplanned logistics estate of scale between Truganina and the Port of Melbourne, MidWest Logistics Hub is being built by Vaughan Construction.
The property can accommodate 9,000 pallets and features two loading docks, six on-grade roller doors and 500sqm of corporate office space across two levels.
CBRE’s Tom Murphy, Fergus Pragnell, Ricardo Cappelletti and Moshe Greengarten negotiated the tenancy on behalf of Charter Hall.
“MidWest Logistics Hub sets a new benchmark in warehouse and logistics facilities incorporating state-of-the-art design features and sustainability initiatives,” Mr Pragnell said.
“Providing easy access to greater Melbourne, the CBD and the Port of Melbourne, it’s a perfect fit for Krost and its growing Victorian operations.”
Charter Hall’s Ian Parry and Daniel Nguyen oversaw the leasing transaction.
Related Articles
