National Property Developer, Walker Corporation has announced that national modular building provider, Ausco Modular, has committed to a 10-year lease on a 10,000sqm block at Monaro Industrial Park.
Walker will be constructing a new purpose-built facility and large external hardstand storage area to house Ausco Modular’s Canberra branch operations and its fleet of modular hire buildings.
Walker negotiated the 10-year deal with Colliers International Director of Capital Markets and Leasing, Tim Mutton.
Mr. Mutton commented on the industrial lease market in Canberra stating “We have seen an increase in the number of enquiries as the current market conditions create opportunities for savvy tenants like Ausco Modular who are committed to having operations in Canberra long term.
“We are hearing from tenants that a move makes sense given the current low borrowing costs on offer for new fit out and equipment.”
Walker Corporation’s offer included a new purpose-built facility, competitive rental rates and prime positioning within a master planned precinct surrounded by blue chip tenants.
Ausco Modular, an Algeco Scotsman company, is relocating from its current branch and hire yard in Alderson Place, Hume, to its new facility at Monaro, which was designed by Walker Corporation’s in-house team of architects.
The new facility will feature an expansive external hardstand for Ausco Modular’s local fleet of modular buildings; secure storage for its stock of ancillary items and modern office facilities to house its branch operations.
Construction is expected to be completed by May 2014.
Ausco Modular General Manager of Branch Operations Rob Wormald said the business was looking forward to growing its operations in the region.
"We see great potential for growth in the region and we believe this move will support us as the need and demand for high quality modular infrastructure grows," Mr Wormald said.
Executive Chairman of Walker Corporation, Lang Walker, welcomed Ausco Modular to the estate and added that Walker was pleased to be working with the modular infrastructure company.
“We look forward to working with Ausco Modular to deliver its new purpose built facility at the Monaro Industrial Park this year. It is a great addition to the estate which continues to attract large blue chip tenants.”
Ausco Modular joins Toll IPEC, Toll Customised Solutions, Grace, Allied Pickfords, Caltex, DELL, Downer EDI and others at the estate. Land at Monaro Industrial Park is available for sale or lease, with land parcels from 2,000sqm to 25,000sqm.
For more information about Walker Corporation, visit www.walkercorp.com.au.
For any enquiries about the estate or for other property opportunities contact Nick Greenwell on 0421 948 800 or Click Here to contact us.