11 questions answered by Manager of Retail Tenancies and Interiors in Victoria, Kevin De Almeida.
7-year agreement with Frasers Property Australia to lease a purpose-built 26,055sqm office-warehouse facility.Sydney – 27 June 2017 – based furniture manufacturer and importer Vivin Imports has signed a 7-year agreement with Frasers Property Australia to lease a purpose-built 26,055sqm office-warehouse facility, featuring an impressive showroom of 2,000sqm.
The new development will be located within Frasers Property Australia’s ground breaking Horsley Drive Business Park, a 21.4ha estate with easy access to Sydney’s primary motorways - the M7, M4 and M5 and Australia’s first 6 star Green Star Industrial Estate.
“This new development allows Vivin Imports to not only cater for organic growth but also positions us to grow by the acquisition of complementary businesses” Ritesh Bhatia, Managing Director of Vivin Imports commented.
Ian Barter, General Manager Commercial & Industrial Northern Region for Frasers Property Australia comments, “The recent growth in the residential property sector has fueled strong demand for industrial space from domestic trade related industries particular in Sydney, with recent commitments from Vivin Imports, Nick Scali and Fantastic Furniture evidence of this.”
TM Insight was appointed by Vivin Imports to undertake the physical and operational design of the new facility, as well as the property procurement and project management for the new site. The development opportunity was packaged so that every fitout element was documented, resulting in minimal capital requirements being placed on Vivin Imports for the significant project.
Vivin Imports is one of Australia’s largest furniture importers & wholesalers specialising in contemporary furniture which is made in India, China, Vietnam, Malaysia & Indonesia.
The project will result in the consolidation of two current warehouses occupied by Vivin, providing 35% more building area to cater for the company’s projected growth. The operational benefits will far outweigh the percentage growth in floor area, with the facility being designed to provide greater storage capacity per square metre than the previous locations, whilst also implementing market leading supply chain practices which will enable exponential growth by increasing stock throughput and minimising inventory holding times.