Pallet Hire: DEXUS and Loscam Team Up for New Super Depot

DEXUS and leading pallet hire business Loscam have teamed up to develop the largest Loscam pallet repair centre in Australia, located at Laverton in Victoria.

Loscam will pre-lease the DEXUS industrial for an initial term of 10 years.

Loscam,pallet hire,pallet repair super facility,pallet rental depotThe 6,534sqm repair centre  – located in Foundation Road – includes 2ha of concrete hard stand and is due for completion in June 2011. The development cost including land is approximately $10 million with a forecast yield on cost of 8.9%.

The site will be home to a new, purpose-built pallet repair facility, allowing Loscam to adequately cater for its current and forecast growth. It will be Loscam’s first growth initiative in Australia since it was acquired by China Merchants Group in early July.

Andrew Whiteside, Head of Industrial at DEXUS, said: “The proposal fits within the DEXUS industrial strategy of securing significant corporate tenants in quality buildings with long-term leases and inbuilt rental growth.”

Daniel Bunnett, Commercial Manager at Loscam said:  “We are delighted to partner with DEXUS for this project which will not only offer us greater efficiency, but also enable us to continue to grow our business in the western suburbs of Melbourne.

“It brings us even closer to many of our customers, who have operations in Melbourne’s west, and complements our existing Victorian operations, located in Hampton Park,” he said.

The industrial estate at Laverton is a 162.5ha site, acquired by DEXUS in stages between 2002 and 2006. Since that time DEXUS has developed major distribution facilities on the estate for Visy Steel Products, Coles Supermarkets, Fosters, Wrightson Seeds and Best Bar Steel Reinforcements.

Comments

  1. Thats what i was looking for a long time. I have to make a presentation at a congress in germany and this informations was what i need. Thx a lot.

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