International Food and Beverage Giant, PepsiCo Signs Lease at 96 Export Street in Lytton

22 June 2017

World-renowned food and beverage company, PepsiCo has secured a brand new, major facility at 96 Export Street in Lytton. The building, developed speculatively by the Goodman Group totals 19,783sq m with the deal negotiated by Savills Associate Director of Industrial & Business Services, Shaw Harrison.

PepsiCo’s Australia and New Zealand syndicate encompasses four business units, The Smith’s Snackfood Company, The Quaker Oats Company, PepsiCo Beverages and Bluebird Foods.

Of the 30,000sq m of speculatively built industrial facilities constructed by Goodman on the new Export Motorway Estate, the PepsiCo deal signifies the absorption of the remaining available space, with the entirety of the holding now fully leased just post practical completion.

Export Motorway Estate offers outstanding access to key transport networks including the Port of Brisbane, and Brisbane Airport, as well as direct access to major arterials including the Port of Brisbane Motorway and the Gateway Motorway.

PepsiCo’s new premises offers a state-of-the-art, brand new logistics facility including energy efficient lighting throughout, corporate grade offices and end of trip of facilities. The warehouse offers 13.7m internal clearance, with a combination of cross docks, and on grade access under an impressive counter levered awning. In addition, it comprises abundant heavy vehicle turning and heavy rated concreted yard.

Mr Harrison said “This is the second building we have leased PepsiCo in the past 14 months with the first 12,108sq m located in the Port of Brisbane.”

“We are proud to have transacted almost 32,000sq m with them in just over a year and a crucial factor that lead to PepsiCo’s decision to proceed with the Goodman space on this occasion, was the fact that the facility resided within a core location close to the Port and near major arterials.”

“Securing the space at a rental of $120 per sq m or almost $2,400,000 net pa, PepsiCo have saved significantly from the rental they were paying in their previous premises, and have committed to a new three year lease, boosting their storage capacity up to almost 18,000 pallets of chips.”

“The rent we achieved is due to the facility being located in Brisbane’s covetable prime TradeCoast precinct as well as the extremely high level of inclusions the building offered.”

“The combination of these two recent transactions to the one company signifies one of the largest leasing deals in the TradeCoast in recent times.”

 
 

Key Contacts

Shaw Harrison

Shaw Harrison

Associate Director
Industrial & Business Services

Savills Brisbane

+61 (0) 7 3002 8929