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Frasers Property to develop new A$31M distribution facility

Frasers Property Ltd. will develop a new purpose-built facility with an end value of more than A$31 million for FDM Warehousing Pty LTD in Frasers Property Australia's Eastern Creek Business Park, Stage 5.

The 16,745-square-meter project in Eastern Creek, New South Wales, Australia, will have a 16,200-square-meter distribution facility, 435 square meters of main office space, 110 square meters of dock office space and 145 car spaces.

FDM Warehousing, which has signed a five-year lease for the project, also leases another 16,074-square-meter building located roughly 900 meters from the proposed new facility.

The tenant is expected to move into the new facility in February 2019.