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Wine boom leads to major leasing deal

WA’S booming wine industry has led to what is believed to the biggest leasing deal executed in Perth’s industrial market over the past two years, according to Chesterton International director of industrial sales and leasing Ben Davies.

Mr Davies said the two-year lease on a Forrestfield engineering company’s 13,600 square metre facility by Platinum Logistics Pty Ltd ended a long search for premises.

Platinum, a subcontractor to ACI Glass, will use the Carolyn Place property primarily for the storage of wine and beer bottles.

“Platinum Logistics is essentially a major distributor of wine bottles,” Mr Davies said.

“Growth in the wine industry has seen Platinum expand so strongly that it simply ran out of space and was spread over three separate properties.

“Forrestfield presented a more economically viable alternative to Kewdale, and is perfect for space intensive uses such as storage.”

He said effective rents in Forrestfield ranged from $35 to $40 a metre – substantially less than comparable accommodation in Kewdale.

With the big blocks in the Forrestfield marshalling yards due to come to market by the end of the year it was easy to see the area becoming a major industrial distribution centre, Mr Davies said.

He said the company warehoused bottles manufactured by ACI for distribution to South West wineries.

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