German shopping trolley giant Wanzl takes Hawthorn East lease
German shop fixtures and shelving manufacturing giant Wanzl is moving its Australian headquarters to the Hawthorn East.
Fitzroys agent Chris James negotiated the five-year lease with options at 1 Hall Street at $128,750 per annum with 3% annual increases, on behalf of Cadence Property Group.
Wanzl’s local arm will move into a 540 square metre office and warehouse facility that is part of a 1,625 square metre industrial building, on a 1,650 square metre site at 1-5 Hall Street with three frontages.
Headquartered in the Bavarian town of Leipheim, Wanzl is the world’s largest manufacturer of shopping trolleys.
It also produces shop and supermarket fittings, shelving and entrance gates.
James said Wanzl Australia will be moving from their current premises on Highbury Road, Burwood to Hall Street, a short distance from the headquarters of major supermarket Coles.
“Growth in online shopping has brought with it demand for broader product ranges and more efficient delivery times, increasing requirements for logistics systems and facilities,” he said.
“This has prompted a surge in new warehousing developments, and existing facilities are being refitted for efficiencies and expanded capacities to cater for the evolving requirements of logistics and distribution centres.”
James said Wanzl’s move to the area adds to a roll call of major retail names in the area including Kookai, Bunnings Warehouse, Gazman, and Kennards Self Storage, as well as Coles.
“Melbourne’s inner-east offers close proximity to CityLink and the Monash Freeway, which has become a necessity for logistics and warehousing.”
James and Fitzroys colleagues Jordan Ceppi and David Bourke negotiated the $6.5 million sale of the entire facility at 1-5 Hall Street to Cadence Property Group in May.
The developer and fund manager will use the balance for its new headquarters.
