Mirvac Matches Miele to Eastern Creek
23 November 2017
AFR, 22nd Nov 2017
Diversified property Group, Mirvac, has leased a 17,000 sqm industrial facility to household and commercial appliance manufacturer Miele, at its Calibre industrial development at Sydney's Eastern Creek.
The lease term is seven and is made up of 17,000 sqm of warehouse facilities and 780 sqm of office and showroom space, purpose built for Miele.
The fit out and design of the facility was handled by SBA Architects. The property's features are state of the art including flexible meeting and recreational spaces, a 20-metre cantilevered awning, double-glazed facades, a solar photovoltaic system supplementing Miele's power requirements, solar hot water and smart metering.
There are indoor and outdoor spaces for Miele staff as well as sustainability features, including a five-star green star rating.
The property is in a prominent position at the entry of the Calibre estate.
The rent is confidential but indicative pre-lease market rent for premium industrial space in Western Sydney is about $105 to $115 per sqm. Mirvac's industrial development director, Fabian Nager said the Miele building would establish a new standard for office, warehousing and showroom facilities in Western Sydney. "We're extremely happy to have Miele joining the Calibre estate. The leasing agreement bolsters our long-standing relationship with the business, as a major supplier of appliances to Mirvac's residential business", Miele ANZ managing director Sjaak Brouwer said. "We has some key requirements for the new site - it has to facilitate future growth, it has to be accessible and close to arterial roads and reflect the premium positioning of the Miele brand".