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Fisher & Paykel sign 10-year lease at Port of Brisbane

  • Posted on Monday 18th, November 2019.

A new site incorporating a state-of-the-art facility with offices and warehousing is under construction as part of a 10-year lease agreement recently signed by Fisher & Paykel and the Port of Brisbane.

The build and fit-out is expected to cost approximately $17.5 million.

Integrated construction firm FKG commenced work on the 3.55 hectare site in the Port West industrial estate in Lytton last month.

It will include a 19,450m2 warehouse, 500m2 office space and 8,250m2 of heavy-duty pavements.

The global appliance brand has, as part of its investment at Port West, also factored future expansion of the facility of up to 10,000m2 into the deal.

It was negotiated by Savills Director of Industrial & Logistics Darren Curry, with the facility designed by Sparc Architects.

Port West is considered an attractive site for its proximity to wharves and terminals in addition to what has been called described as "unrivalled" road connectivity.

Over the last two years the estate has grown to house six national and global port-related businesses.

Port of Brisbane CEO, Roy Cummins said the Port’s ability to meet Fisher & Paykel’s timeframes while providing a customised solution that supported the company’s growth was central to the success of the negotiations. 

“The Port’s streamlined development assessment approach – in this case, three weeks compared to what can be a six months’ long process elsewhere – ensured we could work with Fisher & Paykel to design and deliver a facility ready for occupancy by mid-2020,” he said.

Fisher & Paykel’s General Manager Operations, Ben Sheehan agreed.

“The investment in our new state-of-the-art facility at the Port of Brisbane highlights our commitment to investing in the growth and sustainability of our Australian operations, increasing our use of renewable solar energy and significantly reducing transport emissions and overall impact on the environment,” he said.

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