Coles Distribution Centre, Perth

136 Horrie Miller Drive, Perth WA

The property is a logistics facility with a GLA of 81,647 sqm purpose built for Coles and is located on a 25.0 hectare site strategically situated within Perth Airport, 10 km east of the Perth CBD.

Perth Airport is one of the major logistics hubs in Western Australia, with tenants including Woolworths, Toll, Electrolux and Linfox. The facility comprises a combination of ambient, temperature controlled and freezer facilities together with an administration office and amenities. The property operates as a regional distribution centre for Coles servicing the whole of Western Australia from this location.

Tenant GLA (sqm) GLA (%) Expiry (date) Review (%/CPI)
Coles 81,647 100% May-28 2.75%
MAP
1 By gross passing income.
2 Ground lease term of 80 years remaining as at 30 June 2016 (consisting of an initial term of 40 years, three months and one day which commenced on 31 March 2007 and an option term of 49 years less one day commencing 1 July 2047 and expiring 29 June 2096). There is no ongoing additional rental with the rent being paid by an initial upfront rental payment.
3 GLA shown on a 100% basis.
4 GLA shown on a 100% basis, gross passing income based on REIT ownership interest.