Woolworths Distribution Centre, Dandenong

255 Glasscocks Road, Dandenong, VIC

Upon completion in 2018 the property will comprise a state of the art distribution centre of approximately 70,431 sqm, purpose built for Woolworths on a site of approximately 15.9 hectares. The warehouse will be partitioned into various storage components and will feature three varying clearance heights from approximately 6 metres to 45 metres.

The warehouse will have extensive loading facilities, hardstand and truck parking. Woolworths will invest a significant amount of capital in the internal fitout of the facility including extensive automation systems. The warehouse will be located within the Portlink Estate adjacent to a proposed inland port which will provide direct access to the Port of Melbourne. The estate is located in Dandenong South, approximately 36 km south-east of the Melbourne CBD.

Woolworths Distribution Centre, Dandenong is the subject of the Woolworths Distribution Centre, Dandenong Development Agreement which is summarised in Section 14.4.

Tenant GLA (sqm) GLA (%) Expiry (date) Review (%/CPI)
Woolworths 70,431 100% Mar-38 2.80%
MAP

1 The current title is a 299 year leasehold which will convert to freehold title upon completion and registration of the subdivision.
2 Shown on a 100% basis.
3 By gross passing income.
4 GLA shown on a 100% basis, gross passing rent based on REIT ownership interest.