VISY

Visy Paper Pty Ltd is the latest tenant to occupy a brand new industrial office warehouse of 6110 sqm, recently developed at the Somerton Logistics Centre. The warehouse forms part of the Somerton Logistics Centre which is located on the corner of Cooper Street and Fillo Drive, near the Hume Highway, in Victoria. It is understood that Visy will be paying around $70/sqm for the space. Comprising eight buildings with a gross lettable area of 123,263 sqm, the Somerton Logistics Centre is one of the largest industrial developments recently completed in the northern region of Melbourne. “The rental achieved for this property reflects the high quality nature of the buildings, meeting the specific requirements of Visy within a short time frame” said Joseph Carbone, director of Vinci Carbone Property. Nigel Hunt, director of the Somerton Logistics Centre, said “we are pleased to welcome Visy Paper to our industrial estate.” “With the decrease of construction and therefore a limited amount of warehousing available in the industrial sector, enquiry has been strong and we are confident we will have the remainder of the estate leased within a short period of time.