16 Jul Wingate, Perri Projects launch $100m last-mile logistics hub
Wingate and the Scalzo family’s Perri Projects will look to tap into rising demand for last-mile logistics space to service the online shopping demands of millions of Melburnians after launching a $100 million speculative project in the inner suburbs.
Construction will kick off this month on stage one of the joint venture partners’ development in West Melbourne that will transform a 115-year-old flour mill complex into 14,000 square metres of warehouse, showroom and creative office space.
Located just a few kilometres from the centre of Melbourne, tenants of the estate will be able to deliver their goods to about 80 per cent of the city’s residents within an hour, said David Scalzo, managing director of Perri Projects.
Development of the 1.5-hectare site at 1 Lennon Street will include the retention of two concrete silo groups – the earliest of which date back to 1906 – and a red-brick mill building that were used by flour milling company James Minifie & Company.
The 30-metre high silos are made of spirally wound steel-reinforced concrete and are considered an important feature of Melbourne’s industrial history.
The stage one development of the site will also include food and beverage amenities, end of trip facilities and potentially a craft spirit distillery.
Wingate and Perri Projects, which are also partnering on a $150 million mixed-use project in Melbourne CBD, acquired the mill complex for $5 million in 2019 from the Honan family, owners of food and industrial products maker Manildra Group.