Australia’s largest distributor of hospitality and catering products, Reward Hospitality, has acquired a new industrial estate in Yatala Central.
The 39-hectare site was provided by Frasers Property Group who have agreed to a seven-year lease with the hospitality giant.
Reward's purpose-built distribution centre and head office will take up 13,300sq m of the Yatala site.
The new headquarters will feature 1,800sq m of office, meeting and showroom space designed by supply chain consultancy TM Insight.
“The facilities have been built to drive operational efficiencies and cater for Reward Hospitality’s continued growth. To accomplish this, we spent extensive time developing the technical design brief to correctly size the property and accommodate their operational fit out," TM Insight director Travis Erridge said.
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Reward Hospitality chief executive David Bull said the development will enlarge the company’s warehouse capacity and provide greater supply chain efficiencies.
The facility is expected to be operational by mid-2019. When complete Reward Hospitality’s new Yatala Central facility will be valued at an estimated $25 million.
Frasers Property Group has also been active in Sydney’s industrial sector, signing with Belgian-owned logistics and transport group FDM Warehousing to include a new $31 million purpose-built warehouse within their Eastern Creek Business Park in Sydney's west.
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“Queensland’s premier estate, Yatala Central, continues to support the expansion plans of national and international companies,” Frasers general manager Troy Whalan said.
“The estate is strategically located between the two largest cities in Queensland, Brisbane and Gold Coast.”