Asahi – Warehouse site on Tilburn Rd, Deer Park (Vic)

Asahi will enter into an agreement for lease with GPT (as trustee of the Deer Park Industrial Trust (ABN 49 428 064 142)) in relation to certificate of title 12528 folio 733, being Lot 1 on plan of subdivision PS912165G, known as 179 Tilburn Road, Deer Park VIC 3023 (Property).

The Property is located in Precinct 2 of the proposed Deer Park Estate and is zoned as CZ2 – Commercial 2 Zone under the Brimbank planning scheme. It is located approximately 15 km west of the Melbourne CBD and is currently vacant.

GPT will construct a high-bay warehouse (including automation equipment) at the Property, which it will then lease to Asahi on a long-term basis.

Asahi is acquiring the lease to use for the development of a warehouse and distribution centre. Once developed, Asahi intends for the facility to be used in its logistics operations for the storage and distribution of both alcoholic and non-alcoholic products.

Asahi, through its subsidiaries, manufactures and supplies a variety of alcoholic and non-alcoholic beverages around Australia and in some international export markets. It includes the:

• Asahi Lifestyle Beverages business (formerly known as Schweppes Australia), which primarily manufactures and supplies non-alcoholic beverages, including soft drinks, mixers, mineral water, water, juice, tea, coffee, and energy and sports drinks; and
• Carlton & United Breweries business, which primarily manufactures and supplies alcoholic beverages, including premium domestic and international beer brands, craft beers, ciders, spirits and ready-to-drink (pre-mix) beverages.

GPT is a real estate investment manager that owns and leases out a range of retail, office, logistics and student accommodation assets.