Property group Goodman has secured a 15-year pre-commitment from Coca Cola Amatil (CCA) to develop its new western Sydney storage
Property group Goodman has secured a 15-year pre-commitment from Coca Cola Amatil (CCA) to develop its new western Sydney storage and distribution facility.
The purpose-built CCA facility will be developed on a 9.25 hectares site at the 150 hectare M7 Business Hub at Eastern Creek.
The new CCA property, which will be developed by Goodman and owned by the Goodman Australia Industrial Fund (GAIF), is located adjacent to other Goodman Joint Venture precommitted customers at the M7 Business Hub, including Coles Myer (two facilities), Toll, ITT Flygt and Chemson Pacific.
CCA initially purchased the land, and has now has entered into a sale and lease back agreement for an initial term of 15 years on the 31,225 square metre facility. This facility represents the first stage of a proposed multi-stage development over 15.15 hectares.
Goodman and CCA are aiming to create an environmentally friendly facility which includes plans for a number of sustainable features, including solar power, rainwater harvesting tanks and other initiatives around conserving water and power and reducing waste. Goodman is the platinum sponsor of the Green Star Industrial Tool and a member of the Green Building Council of Australia (GBCA).
The purpose-built distribution centre will be the second substantial pre-committed purpose-built facility that Goodman has secured from CCA in recent years. The previous commitment included the initial development of a 27,399 square metre storage and distribution facility in Mentone, Melbourne which has subsequently been expanded by an additional 8,112 square metres to meet the growing demands of CCA.
“Goodman understands that we require a partner who is open and flexible in terms of both property solutions and commercial structures, and we have worked with them at a strategic level for more than six years to deliver and manage great business space,” says Michael Shirbin, Manager – Major Projects (Warehousing) with CCA.