Steinhoff doubles warehouse at Horsley Drive Business Park
Furniture retailer chain, Steinhoff International Holdings (Steinhoff) has almost doubled the size of its warehouse facilities in Frasers Property Australia’s flagship six Green Star-rated Horsley Drive Business Park, Wetherill Park.
The company has secured a further 8,900 sqm over a seven-year period, which takes its total new purpose built warehouse and office space to 18,869sqm with an end value of $34 million for the total asset.
Royal Comfort Bedding and Select-O-Pedic, owned by Steinhoff, will use the new warehouse space.
Steinhoff has 275 retail stores across Australia and eight retail brands including Freedom Furniture, Fantastic Furniture, Snooze and Plush.
“Horsley Drive Business Park has become very popular with furniture retailers,” said Ian Barter, general manager commercial & industrial northern region for Frasers Property Australia.
“We have now secured four in the park including Nick Scali, Vivin Imports, Royal Comfort Bedding and Select-O-Pedic. The rapidly expanding property sector has helped drive demand for additional warehouse space from the domestic trade-related products sector. This demand is set to continue.
“Horsley Drive Business Park provided the perfect strategic location for Steinhoff to consolidate its expanding operations. It made smart business sense to co-locate two of its distribution operations to one central location.”
Frasers said the business park’s six Green Star credentials are attracting companies keen to benefit from environmental initiatives that offer operational efficiencies with Nick Scali and Phoenix Transport already located in the business park.
The 20.4 hectate site is owned by the Western Sydney Parklands Trust.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Inside Retail Polls
Inside Retail Directory
Aussie retailers must reignite product development for consumer acknowledged differentiation or they are dead https://t.co/xPghbMg5tm9 hours ago