H&M bolsters Australian presence with warehouse deal
Share
Industrial property platform Logos has fully leased its $330 million Marsden Park Logistics Estate in western Sydney after completing a 27,336sq m distribution centre for global fashion giant H&M and its sister retail brand, COS.
H&M Group has committed to a five-year lease at the purpose-built facility. Rental terms were not disclosed.
H&M and COS are the final tenants at Marsden Park Logistics Estate.
Prime industrial rents in Sydney average $123 to $136 per square metre, according to Colliers, potentially valuing the five-year deal in excess of $16.8 million.
The new H&M distribution centre is the seventh and final building at the 21.5 hectare site, where Logos kicked off construction two years ago.
Australia s Clean Energy Finance Corporation invests in biodiesel-fueled mini-grid : Biofuels Digest biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.