Perth Airport's property portfolio boosted with new industrial facility

As Australia’s Western Hub, Perth Airport plays a significant role in the State’s economic, social, and cultural activities by facilitating travel and employment, connecting people and places, and providing support for local communities.

Perth Airport’s Chief Property Officer Dan Sweet said that developing non-aeronautical land on the Airport estate unlocks substantial economic and employment benefits for our State.

“Perth Airport is the second largest property landlord in WA, is the third largest redevelopment project in Australia and we have two train stations. It’s a pretty exciting place to bring your business.

“The Property arm of our business has experienced ongoing demand for logistics opportunities, in particular warehouses, due to its high-profile location and unrivalled connectivity.

“Perth Airport currently maintains a property portfolio with more than 150 tenants, many of which are highly regarded, blue chip commercial operators.

“One of our newest opportunities for lease is a state-of-the-art warehouse facility within the Airport South precinct – only 12km from the Perth CBD.

“The 10,480sqm office and warehouse building is located on a 2.0 hectare site with high visibility from Airport Drive.

“The facility provides easy access to passenger and freight air services, has excellent access to Perth’s major arterial routes and is within 20 minutes of Perth CBD, five minutes of Kewdale Freight Terminal and 35 minutes of Fremantle Port.

“The facility is also on a prominent corner site which not only provides benefits from drive-through efficiency and flexibility but offers exposure to vehicle traffic for excellent signage opportunities towards Airport Drive.

Colliers and CBRE have been enlisted as joint exclusive leasing agents for the warehouse.

Colliers Research indicates the demand for industrial space (above 3,000 sqm) has been robust over the course of 2023 by historical levels. In 2023, WA’s industrial leasing market recorded the highest level of gross leasing activity of 331,000 sqm since monitoring began in 2010, confirming the demand for industrial and logistics facilities are the most desired in any asset class.

Demand for industrial space (above 3,000 sqm) has continued into 2024. Perth Industrial & Logistics gross leasing activity totalled 50,900 sqm over Q1, an increase of 35% on Q4 levels.

Colliers Industrial & Logistics Manager, Hayden Dick said low vacancy and healthy levels of demand continue to underpin above historical average levels of rental growth for the Perth Industrial & Logistics market. With the lack of new warehousing facilities available and a significant of speculative fit out development pipeline already pre-committed, 58 Anderson Place is a desirable facility and one we expect will fly off the shelf.”

Colliers Industrial & Logistics Director, Sam Hammond said 58 Anderson Place is strategically positioned for ultimate connectivity in Perth’s most significant logistics destinations. Offering unrivalled access, flexibility in design and a leading sustainable approach for maximised productivity across every touchpoint across the 1/0ha site and a 10,480sqm* office and warehouse facility.”

This state-of-the-art development is set for completion in July 2024, amongst great company including Primary Connect (Woolworths), Coles, WesTrac, DHL, Officeworks, Toll, JAS, Roy Hill, Toshiba International, SGS, Cummins, FUCHS, Speno Rail maintenance, GEODIS, Sulzer, National Storage, Pacific Energy Renewables, Epiroc, Capital Transport Group, Rohlig and Monde Nissan.

Perth Airport has an additional 371.3 hectares of land across the estate to develop for non-aeronautical purposes, which has significant potential for Western Australia’s economy and workforce.