Epping Market Warehouse Project Melbourne, Building, Project, News, Design, Property
Epping Market Warehouse Project
Warehousing Development Melbourne, Victoria, Australia – by Hansen Yuncken
28 + 20 Dec 2013
Epping Market Warehouse Project News
Massive warehouse project for new Epping Market
Friday 20 December 2013
• Hansen Yuncken win tender to build up to 100,000 square metres of
• Will contribute to world-class new wholesale market at Epping in
• Warehousing investment to create more jobs in Melbourne’s north
The Victorian Coalition Government has announced the builder of a major warehousing development for the new state-of-the-art Epping Wholesale Fruit, Vegetable and Flower Market, Minister for Major Projects David Hodgett said today.
“Hansen Yuncken, an experienced Victorian-based construction company has been selected as the builder of market warehousing at Epping,” Mr Hodgett said.
“Hansen Yuncken is highly experienced in developing major industrial projects across Australia and over the last seven years has delivered on average 120,000 square metres of warehousing annually.
“Under the contract signed with Hansen Yuncken, very competitive warehouse rents will be offered to market tenants. These will be well at the lower end of the range of rents forecast in 2012 and priced similar to commercial warehousing in the area.
“For example, one option gives tenants the opportunity to lock in a 10 year lease at $92 per square metre. This provides incredible value for tenants wishing to take up the warehousing option.
“This is another major step forward in the move to Epping, particularly considering that when we came to Government, Labor had failed to plan for market warehousing which would have made the market unworkable.
“Warehousing is critical to market tenants for storage of goods before they are taken to the trading floor. The current Footscray Road site contains just 33,000 square metres of warehousing meaning many tenants have to warehouse off-site often kilometres away from the market.
“By having warehousing inside the market just a forklift drive away from the trading floor, transport costs are reduced and other efficiencies are gained by tenants,” Mr Hodgett said.
Hansen Yuncken National Development Manager Kurt Beckhaus said the company was looking forward to delivering the warehousing for Epping.
“With its proven construction and commercial experience, Hansen Yuncken looks forward to delivering high quality, value for money warehousing to complement the market precinct at Epping,” Mr Beckhaus said.
“In contrast to the limited amount of warehousing at West Melbourne, tenants who submitted an Expression for Interest in warehousing now have the opportunity at Epping to have warehousing on site and reduce their transport costs and make other business savings.
“In the new year, Hansen Yuncken will provide tenants with information packs that will explain who they will need to contact to discuss in detail their needs, and will also include commercial term sheets.”
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